Result of EGM

Not for distribution, directly or indirectly, in whole or in part in or into the United States, Canada, Australia, Japan, the Republic of Ireland or South Africa or to US persons.

Result of Extraordinary General Meeting

NewRiver Retail Limited (AIM: NRR, "NewRiver" or the "Company"), the specialist value-creating retail property investment and asset management company, is pleased to announce that at the Extraordinary General Meeting held earlier today all resolutions were duly passed.

Furthermore, the Company confirms that the placing of up to 4,212,200 ordinary shares of no par value ("Ordinary Shares") announced on 13 April 2010 was fully subscribed.

Application has been made to the London Stock Exchange and to the Daily Official List of the Channel Islands Stock Exchange, LBG for the 624,000 Ordinary Shares which were issued to the Employee Benefit Trust in September 2009 to be admitted to trading on AIM and CISX, which is expected to take place on 5 May 2010.

Following admission, the Company will have 14,836,200 voting Ordinary Shares in issue.

For further information please contact:

NewRiver Retail Limited Tel: 01481 735540

Serena Tremlett

Pelham Bell Pottinger Tel: 0207 861 3232

David Rydell / Rosanne Perry

Cenkos Securities Plc Tel: 0207 397 8900

(Joint Broker and Nominated Adviser)

Ian Soanes

Max Hartley