New Europe Property Investments : Dealings in Securities by a Director and by Associates of Directors of NEPI

NEW EUROPE PROPERTY INVESTMENTS PLC

(Incorporated and registered in the Isle of Man with registered number 001211V)

(Registered as an external company with limited liability under the laws of South Africa, Registration number 2009/000025/10)

JSE share code: NEP BVB share code: NEP ISIN: IM00B23XCH02

("NEPI" or "the Company")

DEALINGS IN SECURITIES BY A DIRECTOR AND BY ASSOCIATES OF DIRECTORS OF NEPI

Shareholders are advised of the following information relating to dealings in securities by a director and by associates of directors of the Company under the JSE Listings Requirements, the rules of the Romanian Financial Supervisory Authority ("RFSA"), the Rule Book of the Bucharest Stock Exchange ("BVB") and the Market Abuse Regulation ("MAR") in Europe, pursuant to the distribution election in respect of the second half of 2016 in accordance with the circular issued to shareholders on 13 March 2017.

Name of associate / person closely associated: CEMZ Holdings Limited

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and reason for the notification:

Alexandru Morar, who has an indirect beneficial interest in CEMZ Holdings Limited

Initial notification/amendment according to MAR: Initial notification Transaction date: 10 April 2017

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 5 993

Price per security*: ZAR134.79008

Total value: ZAR807 796.95

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue Nature and extent of director's interest: Indirect beneficial

Name of associate / person closely associated: The Nano Trust

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and reason for the notification:

Andries de Lange, who is a trustee and beneficiary of The Nano Trust

Initial notification/amendment according to MAR: Initial notification Transaction date: 10 April 2017

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 25 560

Price per security*: ZAR134.79008

Total value: ZAR3 445 234.45

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue Nature and extent of director's interest: Indirect beneficial

Name of associate / person closely associated: Ruan de Lange

Name of director / person discharging managerial responsibilities:

Relationship to director and reason for the notification:

Andries de Lange

Ruan de Lange is the son of Andries de Lange

Initial notification/amendment according to MAR: Initial notification Transaction date: 10 April 2017

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 156

Price per security*: ZAR134.79008

Total value: ZAR21 027.25

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue

Nature and extent of director's interest: Not applicable

Name of associate / person closely associated: Ruben de Lange

Name of director / person discharging managerial responsibilities:

Relationship to director and reason for the notification:

Andries de Lange

Ruben de Lange is the son of Andries de Lange

Transaction date: 10 April 2017

Initial notification/amendment according to MAR: Initial notification

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 383

Price per security*: ZAR134.79008

Total value: ZAR51 624.60

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue

Nature and extent of director's interest: Not applicable

Name of associate / person closely associated:

Name of director / person discharging managerial responsibilities:

Relationship to director and reason for the notification:

Sone de Lange Andries de Lange

Sone de Lange is the wife of Andries de Lange

Initial notification/amendment according to MAR: Initial notification Transaction date: 10 April 2017

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 533

Price per security*: ZAR134.79008

Total value: ZAR71 843.11

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue

Nature and extent of director's interest: Not applicable

Name of associate / person closely associated: Optimprop 3 Proprietary Limited

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and reason for the notification:

Des de Beer, who is a trustee and beneficiary of The Suni Trust, which owns 50% of Optimprops 3 Proprietary Limited

Initial notification/amendment according to MAR: Initial notification Transaction date: 10 April 2017

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 62 280

Price per security*: ZAR134.79008

Total value: ZAR8 394 726.18

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue Nature and extent of director's interest: Indirect beneficial

Name of associate / person closely associated: Hollyrood Investments Proprietary Limited

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and reason for the notification:

Des de Beer who owns 100% of Hollyrood Investments Proprietary Limited

Initial notification/amendment according to MAR: Initial notification Transaction date: 10 April 2017

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 102 042

Price per security*: ZAR134.79008

Total value: ZAR13 754 249.34

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue Nature and extent of director's interest: Indirect beneficial

Name of director / person discharging managerial

responsibilities

Jeff Zidel

Initial notification/amendment according to MAR: Initial notification Transaction date: 10 April 2017

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 6 588

Price per security*: ZAR134.79008

Total value: ZAR887 997.05

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes

Name of associate / person closely associated: Maxtrade Seven Proprietary Limited

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and

Jeff Zidel, who owns 100% of Maxtrade Seven Proprietary Limited

reason for the notification:

Initial notification/amendment according to MAR: Initial notification Transaction date: 10 April 2017

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each

Number of securities/volume: 29 853

Price per security*: ZAR134.79008

Total value: ZAR4 023 888.26

Aggregated information: N/A single transaction

Nature of transaction: Off-market receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction: Outside of a trading venue Nature and extent of director's interest: Indirect beneficial

* This is the implied price in terms of the election and for Rand purposes assumes an exchange rate of EUR 1.00: ZAR 16.0952.

Following the transactions stated in this announcement, the holdings of the above mentioned directors are summarized below:

Director	Direct holding	Indirect holding	Total shares held	Percentage of issued shares (%)
Alexandru Morar	-	777 595	777 595	0.23
Andries de Lange	10 000	1 232 166	1 242 166	0.37
Des de Beer	-	6 161 903	6 161 903	1.84
Jeff Zidel	304 789	1 381 196	1 685 985	0.50
TOTAL	314 789	9 552 860	9 867 649	2.94

11 April 2017

For further information please contact:

New Europe Property Investments plc

Mirela Covasa [phone]

JSE sponsor

Java Capital [phone]

BVB advisor

SSIF Intercapital Invest SA

Razvan Pasol [phone]