» Dealing in Securities by a Director and Other Holdings

Dealing in Securities by a Director and Other Holdings

Posted on: 4 March 2010


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

Executive directorDesmond de Beer, who is a trustee and beneficiary of The Suni Trust, the entity which entered into the transaction
Company of which a directorNew Europe Property Investments plc
Transaction date3 March 2010
Class of securitiesOrdinary shares
Price per securityR26.00
Number of securities125,000
Total valueR3,250,000.00
Nature of transactionPurchase
Extent of interestIndirect 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 Property Income Fund 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.