Appointment of New Auditors

27 March 2013

SOUTH AFRICAN PROPERTY OPPORTUNITIES PLC

('the "Company")

Appointment of New Auditors

Following the explanatory note to the notice of the 2013 Annual General Meeting the Board of Directors of the Company has now concluded the terms of engagement of the Company's new auditors for the 2012/2013 financial year and has appointed BDO LLP, London.

For further information please contact

Paul Fincham +44 (0) 20 7886 2713

Robert Naylor +44 (0) 20 7886 2714

Panmure Gordon

Ian Dungate/Suzanne Jones + 44 (0) 1624 692600

Galileo Fund Services Limited

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