Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

South African Property Opportunities plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

 YES

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify): 

3. Full name of person(s) subject to notification obligation:

(a) Principle Capital Investment Trust plc (4,350,000 shares)

(b) Principle Capital, L.P. (6,554,550 shares)

(c) Pointer Investments Limited (3,142,000 shares)

4. Full name of shareholder(s) (if different from 3):

(a) Bank of New York Nominees Ltd - a/c 293891

(b) Chase Nominees Limited

(c) Evolution Securities Nominees Limited

5. Date of transaction (and date on which the threshold is crossed or reached if different):

10 August 2009

6. Date on which issuer notified:

11 August 2009

7. Threshold(s) that is/are crossed or reached:

22%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

10,404,550

10,404,550

14,046,550

14,046,550

22.55

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period 

No. of voting rights  instrument refers to

Percentage of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

14,046,550

22.55

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Pointer Investments Limited is owned by Principle Capital L.P.

14 Contact name:

Principle Capital Fund Managers Ltd

Brian Padgett

15. Contact telephone name:

+41 22 908 1190