» Issue of Equity and Total Voting Rights

Issue of Equity and Total Voting Rights

Posted on: 20 June 2011


The Company advises that it has placed a total of 9,564,245 new ordinary shares ("New Shares") at a price of EUR3.00 (ZAR29.50) per share, pursuant to a placing for cash, raising gross proceeds of approximately EUR29 million (ZAR282 million).

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 with effect from 22 June 2011 ("Admission"). Following Admission, the New Shares will also be available for transfers to Romania for trading on the Bucharest Stock Exchange ("BVB"), in accordance with transfer and trading procedures in Romania.

Following the admission to trading of the New Shares and in accordance with the United Kingdom Financial Services Authority`s ("FSA") Disclosure and Transparency Rules, NEPI`s share capital will consist of 88,497,979 ordinary shares of EUR 0.01 each ("Ordinary Shares") with voting rights. Therefore, the total number of voting rights in NEPI with effect from 22 June 2011 will be 88,497,979.

The above figure of 88,497,979 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, NEPI under the FSA`s Disclosure and Transparency Rules with effect from 22 June 2011.