New Investments of US$35m

Macau Property Opportunities Fund
25 January 2008



                   Macau Property Opportunities Fund Limited
                            ('MPO' or the 'Company')


                           New Investments of US$35m

Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited,
today announces further property investments totalling US$35 million in
aggregate value. These properties form part of the Company's ongoing
complementary strategy of acquiring well-located and attractively priced smaller
property assets in key locations across Macau.

Since Admission to AIM, the Company has invested, or committed to invest,
approximately US$227 million (equivalent to 120% of its total equity raised) and
continues to progress negotiations on an attractive pipeline of sites totalling
approximately US$550 million in combined acquisition value.


Further Details:

   •  These properties have been purchased by MPO in a series of acquisitions 
      as part of the ongoing complementary strategy of acquiring well-located 
      and attractively priced smaller property assets.

   •  The Company believes that these assets offer the potential for
      significant capital appreciation as investment properties in their own 
      right as well as through consolidation, refurbishment or redevelopment.

   •  The total amount invested to-date in such properties now amounts to
      US$52 million.

   •  Of this amount, US$48 million has been spent on acquiring 24 residential 
      units located across various towers in One Central, the premium mixed-used
      development in which the Company purchased a luxury residential tower
      (Tower 6) in November 2006 for US$86.60 million.

   •  These additional units, all well located with superior aspects, increase 
      the Company's total combined gross floor area in the project by 34% to
      a total of approximately 200,000 square feet, representing 12% of the 
      total residential floor space in the development.


The Company continues to believe in the unprecedented quality and positioning of
One Central, which is due for completion in 2009. The project's uniqueness and
value is further enhanced by the fact that other premium luxury residential
developments being planned in Macau continue to experience ongoing delays in
obtaining the necessary planning permission and/or construction permits. The
Manager therefore believes that secondary market demand for residential units in
One Central will remain strong as the project nears completion and the
surrounding area continues to be transformed.

It is the Company's current intention to retain all units purchased in the
development at least until their expected completion in 2009. When deciding upon
its investment strategy, the Manager will closely consider a range of factors
including market conditions, supply/demand trends and prevailing yields for
premium luxury properties in Macau.

David Hinde, Chairman of MPO said: 'The Company's niche strategy of purchasing
smaller individual properties on an opportunistic basis, demonstrates the
Manager's flexible investment approach. One Central is set to become the retail
and residential destination of choice in Macau and the additional units
purchased by the Company leaves it well positioned within this unique and
prestigious development.'



                                    --Ends--



About Macau Property Opportunities Fund

Macau Property Opportunities Fund (MPO), which raised £105 million in a Placing
and commenced trading on the Alternative Investment Market of the London Stock
Exchange on 5 June 2006, is a closed-end investment company incorporated in
Guernsey. MPO focuses on investing in property opportunities primarily in Macau,
but also potentially in the Western Pearl River Delta region and in exceptional
circumstances, greater China. The Company's investment policy is to provide
shareholders with an attractive total return, which is expected to comprise
primarily capital growth, but with the potential for dividends over the medium
to long term.

The Manager of MPO is Sniper Capital Limited and the Investment Adviser is
Sniper Capital Management Limited.



About Sniper Capital Limited

Sniper Capital is an independent investment manager specialising in property
investment in niche, undervalued and developing markets. The Company's
investment strategy is to identify, acquire and develop properties clearly
differentiated by location, value and sustainability of demand. Sniper Capital
currently manages two funds with combined assets of US$250 million.



For further information:


Website: www.mpofund.com


Public Relations
Hogarth Partnership Limited
Andrew Jaques / Sarah Richardson
Tel: [phone]


Nominated Adviser and Joint Broker
Collins Stewart Europe Limited
Hugh Field
Tel: [phone]


Joint Broker
Shore Capital Stockbrokers Limited
Dru Danford
Tel: [phone]


Company Secretary & Administrator
Heritage International Fund Managers Limited
Mark Huntley / Laurence McNairn
Tel: [phone]


Manager
Sniper Capital Limited
Corporate and Investor Communications
Daisy Tang
Tel: [phone]
Email: [e-mail]
www.snipercapital.com


Stock Codes:


Bloomberg:  MPO LN
Reuters:    MPO.L


                      This information is provided by RNS
            The company news service from the London Stock Exchange