Director/PDMR Shareholding

26 September 2012

Macau Property Opportunities Fund Limited

 ("MPO" or the "Company")

Director Shareholding

The Board of the Company received notification today that Chris Russell, a director of the Company, acquired on 25 September 2012, 21,048 ordinary shares of US$0.01 each ("Ordinary Shares") in the Company at 110.00p per Ordinary Share.

Following this acquisition, Mr Russell has a beneficial interest in the Company of 152,548 Ordinary shares, representing 0.15% of the issued share capital of the Company.

--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 Main Market.

Launched in 2006, the Company seeks to deliver long-term returns from the investment in and development of high quality properties located in Macau and the western region of China's Pearl River Delta. Its current $375 million portfolio comprises a mix of strategically-positioned residential, retail and warehousing property assets.

The Fund is managed by Sniper Capital, an Asian-based property investment manager that provides highly focused Fund Management and Advisory Services.

For further information:

Company Registration Number 44813

Website: www.mpofund.com

Public Relations

MHP Communications

Simon Hockridge / Andrew Jaques

Tel: +44 (0)20 3128 8100

Email: Simon.Hockridge@mhpc.com / Andrew.Jaques@mhpc.com

Manager (Investor Contact)

Sniper Capital

Faye Chiam

Tel: +65 6222 1440

Email: info@snipercapital.com

Website: 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