Net Asset Value(s)

RNS Number : 1007N

Macau Property Opportunities Fund

14 May 2015

Macau Property Opportunities Fund Limited

("MPO" or the "Company")

Quarterly Net Asset Value update

Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, today announces its latest Net Asset Value (NAV) figures as at 31 March 2015:

	31 March 2015	31 December 2014
Adjusted NAV (US$ million)	346.2	369.6
Adjusted NAV per share (US$)	4.41	4.71
Adjusted NAV per share (£)*	2.97	3.02

NAV (IFRS) (US$ million)	176.7	194.3
NAV per share (IFRS) (US$)	2.25	2.48

Portfolio valuation (US$ million)	518.3	547.6
Loan-to-value ratio (%)	30.8	27.2

* Based on the following Dollar/Sterling exchange rates: 1.484 as at 31 March 2015 and 1.558 as at 31 December 2014.

The Macau property market remains in a consolidation phase as gaming revenue growth continues to contract. First quarter revenues declined by 36.5% to US$8.1 billion versus the same period last year.

The Fund's portfolio value declined by 5.34% to US$518.3 million, 4.1% of which was attributable to an overall decline in asset values. The remaining 1.24% reflected the completed sales of nine units worth a combined US$7.2 million, in the Company's residential project The Fountainside.

Further information on MPO's portfolio and the Macau market are available in the Fund's latest quarterly update, published on the Company's website at www.mpofund.com.

--Ends--

About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited is a closed-end investment fund 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, MPO targets strategic property investment and development opportunities in Macau and Mainland China's western Pearl River Delta. Its current US$518.3 million portfolio comprises a mix of well-positioned residential and retail property assets.

MPO 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 Advisor)

Email: info@snipercapital.com