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Dealing in Securities

9 Dec 2010

It was stated in the circular issued to NEPI shareholders on 29 November 2010 relating to a rights offer to NEPI shareholders of a total of 15 000 000 new NEPI shares at an issue price of R26.00 per share for shareholders on the SA share register or EUR2.67 per share for shareholders on the UK share register, that Mr Slabbert and Mr Semionov intended to follow 225 900 and 7 500 of their total rights, respectively. Shareholders are advised that Mr Slabbert and Mr Semionov intend following 59 091 and 15 950 additional rights, respectively, and in order to finance their additional take up have sold a portion of their total rights as set out below.

Shareholders are advised of the following information, relating to the dealing in securities by directors of NEPI:

Name of director Martin Slabbert, who has an indirect beneficial interest in Slabbert Family Limited, the entity which entered into the transactions
Class of securities NEPN
Transaction date 7 December 2010
Volume weighted average price per security R2.0310
Highest price for the day per security R3.99
Lowest price for the day per security R2.00
Number of securities 602 932
Total value R1 224 554.89
Transaction date 8 December 2010
Volume weighted average price per security R2.0938
Highest price for the day per security R2.99
Lowest price for the day per security R2.07
Number of securities 152 068
Total value R318 399.98
Nature of transactions Open market sale of rights on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of director Victor Semionov, who is a shareholder of Focus CEE Investments Limited, the entity which entered into the transactions
Class of securities NEPN
Transaction date 7 December 2010
Volume weighted average price per security R2.0310
Highest price for the day per security R3.99
Lowest price for the day per security R2.00
Number of securities 162 911
Total value R330 872.24
Transaction date 8 December 2010
Volume weighted average price per security R2.0938
Highest price for the day per security R2.99
Lowest price for the day per security R2.07
Number of securities 41 089
Total value R86 032.15
Nature of transactions Open market sale of rights on the JSE
Nature and extent of director’s interest Indirect beneficial

Clearance to deal was received as required in terms of the JSE’s Listings Requirements.