Refinancing of AIA Tower

Speymill Macau Property Company plc

Refinancing of AIA Tower

The Board of Speymill Macau Property Company plc (the "Company") wishes to provide further information in regard to its announcement of 7 January 2011.

On 4 March 2011, the Company's wholly owned subsidiary Speymill Propriedade I (Macau), Lda. (the "SPC") successfully refinanced its existing loan facility for the AIA Tower with the SPC's existing lender. Pursuant to the terms of the Supplemental Loan Agreement, the SPC paid the Bank HK$ 25 million toward the outstanding principal due on the loan, in addition to the previous repayment of HK$ 20 million, thereby reducing the outstanding loan amount on the AIA Tower to HK$ 555 million.

The Supplemental Loan Agreement extended the term of the loan on AIA Tower for a period of thirty months, until September 5, 2013.

The key terms of the refinanced loan are:

1. Loan facility amount of HK$ 555 million, secured solely by the AIA Tower and the shares of the SPC owned by the Company. The loan is non-recourse to the Company.

2. Interest on the loan is 2.05% above the 3 month HIBOR.

3. Loan amortization takes place through an annual cash flow sweep with a contractual minimum amount of HK$ 5 million to be paid in June of 2011 and 2012. This minimum amount will be credited to the final sweep at year end. The cash flow sweep allows for the SPC to retain up to HK$ 10 million by for capital expenditures on the AIA Tower

4. The SPC paid an arrangement fee of HK$2,775,0000 to refinance the loan.

5. There is no prepayment penalty if the loan is paid in full upon the sale of the building, however if the building is refinanced through another financial institution prior to maturity, a 0.5% prepayment penalty will be incurred.

Enquiries

For more information, please visit www.speymillmacau.com or contact:

Speymill Property Group Limited Galileo Fund Services Limited

(Manager) (Administrator)

Huang Khoo Ian Dungate

Terri Tsang Suzanne Jones

+44 1624 640 860 +44 1624 692600

Matrix Corporate Capital LLP

(Nominated Adviser and Broker) Paul Fincham

Jonathan Becher

+44 20 3206 7000