Notice of EGM

Macau Property Opportunities Fund
30 January 2008




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

                    Notice of Extraordinary General Meeting


Macau Property Opportunities Fund Limited announces that an Extraordinary
General Meeting has been convened to be held at 1.30 pm on 29th February 2008 at
Polygon Hall, Le Marchant Street, St. Peter Port, Guernsey GY1 4HY for the
following purpose:


To authorise the Company in accordance with The Companies (Purchase of Own
Shares) Ordinance, 1998 to make market purchases (as defined in that Ordinance)
either for retention as treasury shares, or cancellation, provided that:-


i.    the maximum number of shares authorised to be purchased is up to 14.99 per
cent. of the shares in issue;


ii.   the minimum price which may be paid for a share is £0.01;


iii.  the maximum price which may be paid for a share is an amount equal to the
higher of 105 per cent of the average of the middle market quotations for a
share as derived from the Alternative Investment Market of the London Stock
Exchange for the five business days immediately preceding the day on which that
share is purchased and either the higher of the price of the last independent
trade or the highest current independent bid at the time of purchase;



iv.    such authority shall expire at the annual general meeting of the
Company in 2008 unless such authority is varied, revoked or renewed prior to
such date by a special resolution of the Company in general meeting;



v.     the Company may make a contract to purchase shares under such authority
prior to its expiry which will or may be executed wholly or partly after its
expiration and the Company may make a purchase of shares pursuant to any such
contract.



Formal notice of the Extraordinary General meeting is being posted today to
shareholders.



Copies of the circular to shareholders are available to the public from today
until the date of the Extraordinary General meeting at the offices of Heritage
International Fund Managers Limited, Polygon Hall, Le Marchant Street, St. Peter
Port, Guernsey, GY1 4HY.



                                    --Ends--





About Macau Property Opportunities Fund



Macau Property Opportunities Fund, which raised £105 million in a Placing and
commenced trading on AIM, a 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