Result of EGM

2 August 2011

NewRiver Retail Limited ("NewRiver" or "the Company")

Result of Extraordinary General Meeting

The Directors of NewRiver Retail Limited are pleased to announce that, at its Extraordinary General Meeting held earlier today, all the proposed resolutions put to the meeting were passed. Shareholders have therefore approved the proposed acquisition by the Company of the Four Retail Properties and the Placing of 16,865,000 Placing Shares at 252 pence per share to raise approximately £40 million net of expenses. Full details of these arrangements were set out in a circular sent to Shareholders on 7 July 2011.

Application has been made for the admission of the Placing Shares and the re-admission of the existing Ordinary Shares to trading on AIM and CISX. It is expected that Admission will occur, and that dealings will commence, at 8.00am on 3 August 2011.

Immediately following Admission, the Company's total issued share capital will be 31,703,508 Ordinary Shares which 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, the Company under the Disclosure and Transparency Rules.

Unless otherwise specified, all defined terms in this announcement shall have the same meaning as in the announcement made on 27 June 2011.

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For further details contact:

NewRiver Retail Limited Tel: 0203 328 5800

Paul Roy, Chairman

David Lockhart, Chief Executive Officer

Cenkos Securities plc Tel: 020 7397 8900

Ian Soanes

Max Hartley

Kinmont Limited Tel: 020 7087 9100

John O'Malley

Mat Thackery

Pelham Bell Pottinger Tel: 0207 861 3232

David Rydell

Rosanne Perry