NEPI Historical Announcement

Dealing in Securities by a Director and Other Holdings

4 March 2010

Shareholders are advised of the following information, relating to the dealing in securities by a director:

Executive director Desmond de Beer, who is a trustee and beneficiary of The Suni Trust, the entity which entered into the transaction
Company of which a director New Europe Property Investments plc
Transaction date 3 March 2010
Class of securities Ordinary shares
Price per security R26.00
Number of securities 125,000
Total value R3,250,000.00
Nature of transaction Purchase
Extent of interest Indirect beneficial

Clearance to deal was received as required in terms the JSE`s ListingsRequirements.
Following the purchase outlined above, through his interest in The Suni Trust, Mr de Beer has a beneficial interest in 2,047,000 ordinary shares in the Company (“Ordinary Shares”), representing 5.03% of the Company`s issued share capital. Mr de Beer also has an interest in Ordinary Shares through his 50% interest in Optimprops 3 (Proprietary) Limited, which holds 1,477,500 Ordinary Shares, representing 3.63% of the Company`s issued share capital. Mr de Beer also directly and indirectly holds 7.0% of Resilient REIT Limited (“Resilient”) and 0.7% of Capital Property Fund (“Capital”).
Resilient has a 24.6% unitholding in Capital, which is directly interested in 3,862,837 Ordinary Shares, representing 9.50% of the ordinary share capital of the Company. Resilient is also interested in 11,500,000 Ordinary Shares, representing 28.28% of the ordinary share capital of the Company, through its ownership of Diversified Properties 2 (Proprietary) Limited. In addition, through his associates, Mr de Beer has an interest of 300 Ordinary Shares representing 0.001% of the Company`s issued share capital.

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