Macau Property Opportunities Fund : Quarterly Net Asset Value

3 August 2016

Macau Property Opportunities Fund Limited

('MPO' or the 'Company')

Quarterly Net Asset Value update

Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, announces that its estimated Adjusted Net Asset Value for the period ended 30 June 2016 was US$226 million.

This is equivalent to US$2.96 (223 pence*) per share and represents an increase of 0.3% from the previous quarter.

*Based on a US$/GBP exchange rate of 1.326 as at 30 June 2016.

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Note:

1. The above figures are estimates only and are unaudited. The Company's audited Adjusted Net Asset Value as at 30 June 2016, which may be materially different from the above estimates, will be announced in conjunction with the release of the Company's audited annual results for the period ended 30 June 2016, which are expected to be released on 21 September 2016. No reliance should be placed upon the estimated Adjusted Net Asset Value per share which should only be taken as an indicative value.2. Detailed information on MPO's portfolio and the Macau market is available in the Fund's latestInvestor Updatepublished on the Company's website atwww.mpofund.com. 3. The content of this announcement contains inside information.

About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited is a closed-end investment company 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, the Company targets strategic property investment and development opportunities in Macau and mainland China's western Pearl River Delta. Its current 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.

www.mpofund.com

For further information:

Investor Relations

Sniper Capital Limited

Doris Boo

Tel: +65 6222 1440

Public Relations

MHP Communications

Andrew Jaques / Simon Hockridge / Kelsey Traynor

Tel: +44 20 3128 8100

Corporate Broker

Liberum Capital

Richard Bootle / Jonathan Wilkes-Green

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