Disclosure of interests in shares

SOUTH AFRICAN PROPERTY OPPORTUNITIES PLC

Disclosure of interests in shares

In accordance with your company's Articles of Association, we are writing on behalf of Deutsche Bank AG to inform you that on the basis that the relevant issued share capital of your company is 62,292,810 ordinary shares, Deutsche Bank AG, and its subsidiary companies have a notifiable interest in 5,462,000 shares of South African Property Opportunities Plc, amounting to 8.77% shares held.

Deutsche Bank AG, London is a branch of Deutsche Bank AG, a corporation domiciled in Frankfurt, Germany.

If you require further information in respect of this notification please contact Dirk Young in the Compliance Department of Deutsche Bank AG, London on telephone number 020 7545 8000.

Enquiries:

Galileo Fund Services Limited

Ian Dungate

Suzanne Jones +44 (0) 1624 692600