RNS Number:8916O
Northern European Properties Ltd
27 February 2008

                               Holding in Company

Wednesday, 27 February 2008


On 26 February 2008, Northern European Properties Limited (the "Company") was
advised by QVT Financial LP, that QVT Financial LP as investment manager for QVT
Fund LP, Quintessence Fund LP and an account managed for Deutsche Bank AG London
has an interest in 19,513,572 shares of the Company; this represents 4.1% of the
outstanding share capital of the Company.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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