Macau Property Regulatory News (MPO)

28 April 2014

Macau Property Opportunities Fund Limited

("MPO" or the "Company")

Return of Capital - Announcement of Redemption of B Shares and Dividend Payment to holders of B Shares

Further to its announcement on 7 April 2014 of the approval of proposals to return US$29 million (£17.49 million in sterling terms) to Shareholders in accordance with the Circular dated 13th March 2014 (the "Circular"), the Company confirms that Shareholders on the register as at 5.00 p.m. 14 April 2014 received a bonus issue of B Shares on 15 April 2014 on the basis of one B Share for every Ordinary Share held.

72,240,477 B Shares that were elected or were deemed to have been elected for the B Share Redemption have subsequently been redeemed at a Redemption Price of 21.146 pence per B Share. These redeemed B Shares were immediately cancelled and are not available for re-issue.

A dividend of 21.146 pence per B Share will be paid in respect of the remaining 10,499,523 B Shares that were elected or were deemed to have been elected to receive the B Share Dividend, following which each such B Share will be converted into a Deferred Share carrying the limited rights set out in the Circular. All Deferred Shares will be redeemed on 30 April 2014 for an aggregate price of £0.01.

In accordance with the timetable set out in the Circular, it is expected that monies in respect of both the B Share Dividend and the B Share Redemption will be paid to Shareholders on or around 29 April 2014. Payments made to Shareholders will be denominated in sterling.

- Ends -

About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited is a closed-end investment fund registered in Guernsey and listed on the London Stock Exchange's main market.

Launched in 2006, the Company targets strategic property investment and development opportunities in Macau and Mainland China's western Pearl River Delta. Its current US$565 million 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 Number 44813

Website: www.mpofund.com

Public Relations

MHP Communications

Simon Hockridge / Andrew Jaques / James Morgan

Tel: +44 20 3128 8100

Manager

Sniper Capital Limited

Tel: +65 6222 1440 (Investor Contact)

Tel: +853 2870 5151(Fund Adviser)

Email: info@snipercapital.com

www.snipercapital.com

Corporate Broker

Liberum Capital

Chris Bowman / Richard Bootle

Tel: +44 20 3100 2228

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley

Tel: +44 14 8171 6000

Stock Codes:

Bloomberg: MPO LN

Reuters: MPO.L