3 March 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE

UNITED STATES, CANADA, JAPAN OR AUSTRALIA

SECURE PROPERTY Development & Investment plc

(the "Company" or "Secure Property")

Open Offer update and extension

SECURE PROPERTY Development & Investment plc (AIM:SPDI), the South Eastern European focused property investment company, is pleased to announce that it has to date received indicated demand of at least € 6 million (gross) from Shareholders in relation to the Open Offer announced on 11 February 2015,  including the Excess Application Facility.

The Company further announces that it will extend the latest time and date for receipt of completed Application Forms and payment in full under the Open Offer, or settlement of relevant CREST instruction (as appropriate), from 4 March 2015 to 11 March 2015 as set out in the revised timetable below in order to give Shareholders who have not yet applied for Open Offer Shares the opportunity to do so.

- Ends -

Enquiries:

SECURE PROPERTY Development & Investment plc                         +30-210-7226470

Lambros Anagnostopoulos                                                                    www.secure-property.eu

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 20 3727 1000

Richard Sunderland

Nick Taylor

REVISED TIMETABLE OF PRINCIPLE EVENTS

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.