Announcement of Draw Down

5 August 2011

South African Property Opportunities Plc (the "Company")

Draw Down of Loan Facility with The Standard Bank of South Africa Limited ("Standard Bank")

The Company today announces that it has drawn R25 million of the group's secured term loan facility with Standard Bank. The loan facility will be used for additional working capital during the twelve month term and bears an interest of 1% per annum over Standard Bank's prime lending rate, which today is 9% per annum. The R28.9 million facility, including fees and interest, is repayable on 31 July 2012.

For further information, please contact:

Paul Fincham

Matrix Corporate Capital LLP

+44 (0)20 3206 7175

Tim McCall/Lucinda Kemeny

MHP Communications

+44(0)20 3128 8100