Secure Prop Regulatory News (SPDI)

13 March 2015

SECURE PROPERTY Development & Investment plc ("the Company")

SECURE Property raises €8 million from Open Offer

SECURE PROPERTY Development & Investment plc (AIM:SPDI), the South Eastern European focused property investment company, is pleased to announce that it has raised €8 million1 (before expenses), having received valid applications in respect of 23,777,415 new ordinary shares (the "New Ordinary Shares") at a price of 25 pence per New Ordinary Share, following the Open Offer addressed to its existing shareholders that closed on Wednesday 11th March.

The net proceeds of the Open Offer will primarily be deployed in acquiring, or securing the acquisition of, income generating industrial, retail and commercial property assets in Bulgaria, Romania and Greece. The Company continues to target income producing assets that enjoy high acquisition yields and are expected to generate double digit cash on cash returns.

Lambros Anagnostopoulos, Chief Executive Officer, and Konstantinos Bitros Chief Financial Officer have applied for 117,050 and 7,894 new ordinary shares respectively.

The New Ordinary Shares are expected to be credited to CREST accounts on 19 March 2015 and definitive share certificates for the New Ordinary Shares are expected to be despatched to certificated shareholders on or around 23 March 2015. Application will be made today to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that such admission will occur at 8.00 a.m. on 19 March 2015 ("Admission").

Following Admission, the New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in issue including the right to receive all dividends and other distributions declared. Following Admission, the Company's total issued and voting share capital will comprise 57.661.469 ordinary shares.

1 The total amount raised includes €1.97 million from investors not previously on the register but which are either existing beneficial shareholders or connected to existing shareholders.

Lambros Anagnostopoulos, Chief Executive Officer of Secure Property, commented: "The success of the Open Offer clearly demonstrates the confidence our shareholders have in our strategy for growth and diversification. Following the recapitalisation and restructuring of the business from 2011 to 2013 by a new management team backed by a group of leading international real estate investors, we made a series of investments in Romania and Greece during 2014 which dramatically transformed the profile of the company and significantly improved our portfolio's income generating capacity. With this funding now in place we remain confident that 2015 will be another year of solid progress in executing our strategy of building a high quality and high yielding commercial property portfolio in South Eastern Europe."

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Enquiries:

SECURE PROPERTY Development & Investment plc www.secure-property.eu

Lambros Anagnostopoulos +30-210-7226470

Constantinos Bitros

Paul Ensor +44 (0)7595 219 011

S.P. Angel Corporate Finance LLP +44 (0)203 470 0470

Tercel Moore

Jeff Keating

John Mackay

FTI Consulting +44 (0)20 3727 1000

Richard Sunderland

Nick Taylor

IMPORTANT INFORMATION

This announcement has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 ("FSMA"). Reliance on the information contained in this announcement for the purposes of engaging in any investment activity may expose the investor to a significant risk of losing all of the property or assets invested. Any person who is in any doubt about the investment to which this announcement relates should consult a person duly authorised for the purposes of FSMA who specialises in the acquisition of shares and other securities. 

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe for or otherwise acquire, any securities in the Company or any other body corporate in any jurisdiction in which such offer or solicitation is unlawful or an invitation or an inducement to engage in investment activity under section 21 of FSMA, nor shall it or any part of it form the basis of or be relied on in connection with any contract therefor. This announcement does not constitute an invitation to effect any transaction with the Company or to make use of any services provided by the Company. No reliance may be placed for any purpose whatsoever on the information contained in this announcement or any assumptions made as to its completeness. No representation or warranty, express or implied, is given by the Company, any of its subsidiaries or any of its advisers, officers, employees or agents, as to the accuracy, reliability or completeness of the information or opinions contained in this announcement or of any other written or oral information made or to be made available to any interested party or its advisers. No responsibility is accepted for any errors, misstatements in or omissions from this announcement or for any loss howsoever arising, directly or indirectly, from any use of this announcement or its contents.