Completion of Fundraising

Macau Property Opportunity Fund Ltd
05 June 2006


                    Macau Property Opportunities Fund Limited

                Successful completion of £105 million fundraising


The Board of Macau Property Opportunities Fund Limited (the 'Company') today
announces that the placing by Collins Stewart Limited raised gross proceeds of
£105 million.  The Company, which was advised by West Hill Corporate Finance
Limited, has an issued share capital of 105,000,000 ordinary shares (the 
'Shares').  All the Shares have today been admitted to trading on AIM.

The Company will focus 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 is in ongoing discussions
regarding a number of potential acquisitions.

Property management advice will be provided by Sniper Capital, which has an
established track record managing an existing private Macau property fund.

Macau, which is currently the only Chinese city where gambling is legal, is
attracting substantial foreign investment.  This investment, allied with
increasing tourism numbers, a booming gaming industry, new transport
infrastructure and new leisure facilities combines to provide a powerful growth
dynamic to the property market.

The Company intends to target, principally, niche developments of the type which
are often overlooked by large developers and which offer opportunities to
achieve an attractive total return through their location, sector or '
value-added' potential.  Sniper Capital will look to add value through the
development, refurbishment, redevelopment, change of use and repositioning of
properties.

There are currently several large-scale developments being undertaken in Macau,
such as the new mega-casinos and hotel complexes.  Sniper Capital believes that
there are significant opportunities to achieve an attractive return from
investments in smaller developments or developments independent of, while
complementary to, the large casino and hotel sites.


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For further information, please contact:

Hugh Field             Collins Stewart Limited                  [phone]
Alan Richards          West Hill Corporate Finance Limited      [phone]


5 June 2006

Collins Stewart Limited and West Hill Corporate Finance Limited, which are each
authorised and regulated by the Financial Services Authority in the conduct of
investment business, are each acting exclusively for Macau Property
Opportunities Fund Limited and for no-one else in connection with the placing
and will not be responsible to anyone other than Macau Property Opportunities
Fund Limited for providing the protections afforded to their respective
customers or for providing advice in relation to the issue.



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