New Europe Property Investments plc, the holding company of a group of companies that forms a closed-ended property income fund, announces its preliminary results for the year ended 31 December 2009.

HIGHLIGHTS                                                                     
-    Acquired European Retail Park Braila ("ERP Braila") for Euro63 million    
-    Property portfolio valued at Euro146 million as at 31 December 2009       
-    Dividend of 15.77 Euro cents per share in respect of the 2009 financial year, an improvement of 7.1% over 2008                                         
-    Five year loan facility of Euro113.5 million secured with KBC Bank Ireland to re-finance ERP Braila and the acquisition of two further properties.

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