New Europe Property Investments acquires Bvb Real Estate through its subsidiaries NE Property Cooperatief U.A. and NEPI Investment Management S.A.

The company concluded an agreement to acquire all the shares in and shareholder's claim against BVB Real Estate from AIG/Lincoln Lakeview S.a.r.l and to acquire the outstanding bank debt of BVB Real Estate from MKB Bank Zartkoruen Mukodo Reszvenytarsasag.

BVB Real Estate owns an A–grade office building situated in Bucharest, Romania, known as The Lakeview.

The Lakeview is a landmark A-grade office building consisting of offices and ground floor retail with a total GLA of 25 564 m2 and 485 parking bays. The Lakeview is located close to NEPI's Floreasca Business Park in the emerging office corridor between Floreasca and Barbu Vacarescu Streets in the North East of Bucharest. The building is fully occupied with tenants including Alcon, Colgate-Palmolive, Huawei, Philips, PricewaterhouseCoopers and Royal Bank of Scotland. As indicated in the financial effects set out below, it is expected that the acquisition of the property will
be earnings enhancing.

The aggregate purchase price for all the shares in and shareholder's claim against BVB Real Estate and outstanding bank debt is approximately EUR61.7 million, which will be settled in cash.