Macau Property Regulatory News (MPO)

12 August 2015

Macau Property Opportunities Fund Limited

("MPO" or the "Company")

Adjusted Net Asset Value

Macau Property Opportunities Fund Limited today announces its estimated Adjusted Net Asset Value for the period ended 30 June 2015.

The Company's estimated Adjusted NAV as at 30 June 2015 was US$308 million, equivalent to US$3.97 per share. This represents a decrease of 9.9% from the last reported unaudited Adjusted NAV per share of US$4.41 for the period ended 31 March 2015.

Based on a US$/GBP exchange rate of 1.5726 as at 30 June 2015, Adjusted NAV per share in Sterling terms was 253 pence.

Note for Investors

The above figures are estimates only and are unaudited. The Company's audited Adjusted Net Asset Value as at 30 June 2015, which may be materially different from the above estimates, will be announced in conjunction with the release of the Company's audited annual results for the period ended 30 June 2015, which are expected to be released on 24 September 2015. No reliance should be placed upon the estimated Adjusted Net Asset Value per share which should only be taken as an indicative value.

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About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited is a closed-end investment company registered in Guernsey. Listed on the London Stock Exchange's main market, it is also a constituent stock of the FTSE All-Share and FTSE SmallCap indices.

Launched in 2006, the Company targets strategic property investment and development opportunities in Macau and mainland China's western Pearl River Delta. Its current portfolio comprises a mix of well-positioned residential and retail property assets.

The Fund is managed by Sniper Capital, an Asia-based property investment manager with an established track record in fund management and investment advisory.

For further information:

Company Registration No. 44813

Website: www.mpofund.com

Public Relations

MHP Communications

Simon Hockridge / James Morgan / Andrew Jaques

Tel: +44 20 3128 8100

Manager

Sniper Capital Limited

Tel: +65 6222 1440 (Investor Contact)

Tel: +853 2870 5151(Fund Advisor)

Email: info@snipercapital.com

www.snipercapital.com

Corporate Broker

Liberum Capital

Richard Bootle / Jonathan Wilkes-Green

Tel: +44 20 3100 2222

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley / Laurence McNairn

Tel: +44 14 8171 6000

Stock Codes:

Bloomberg: MPO LN

Reuters: MPO.L