New Peoples Bankshares, Inc. (the "Company") convened its 2012 Annual Shareholders' Meeting (the "Annual Meeting") on December 4, 2012. A total of 13,824,697 shares of the Company's Common Stock were entitled to vote as of October 25, 2012, the record date for the Annual Meeting. There were 7,665,581 shares present at the Annual Meeting in person or by proxy, and the shareholders voted on three proposals.

Proposal 1: Election of Directors

The shareholders elected three directors to serve three year terms expiring in 2015. The three directors elected to serve the three year terms were Joe Carter, Harold Lynn Keene, and Fred W. Meade. The results of the vote were as follows:

        Nominees             Votes FOR       Votes Withheld      Broker Non-Votes

        Joe Carter            6,885,003              675,923               104,655
        Harold Lynn Keene     6,886,882              674,044               104,655
        Fred W. Meade         6,881,819              679,107               104,655

Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation

The shareholders approved a non-binding advisory vote to approve the compensation of the Company's named executive officers. The results of the vote follow:

6,567,487 309,323 684,366 104,655

Proposal 3: Ratification of the Appointment of Independent Registered Public Accounting Firm

The shareholders voted to ratify the Company's Audit Committee of the Board of Directors' appointment of Elliott Davis, LLC to serve as its independent registered public accounting firm for the year ending December 31, 2012. The results of the vote follow: