NEPI Historical Announcement

Issue of Equity

25 May 2010

The Company advises that it has issued a total of 799,633 new ordinary shares (“the New Shares”) at EUR 2.58 per share, pursuant to the share incentive scheme of NEPI Investment Management Limited, the Company’s external investment advisor, to be allocated in due course. Application has been made for the New Shares to be admitted to trading on AIM and the JSE Limited and the New Shares are expected to be admitted to trading on 26 May 2010. Following the issue of the New Shares, the Company`s issued ordinary share capital is comprised of 56,650,471 ordinary shares of EUR 0.01 each.

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