Result of AGM

24th May 2010

Speymill Macau Property Company plc ("Speymill Macau" or "the Company")

AGM Result

Speymill Macau Property Company plc (AIM:MCAU), the Macau focused residential investment property company listed on AIM, announces that at the Annual General Meeting ("AGM") held today at 10.00am, the following resolutions were passed:

ORDINARY RESOLUTIONS

Resolution 1

The Report of the Investment Manager, Report of the Directors, Auditors' Report and the Audited Consolidated Financial Statements of the Company for the year to 31 December 2009 were received and adopted.

Resolution 2

Harald Wengust was re-elected as a director of the Company.

Resolution 3

KPMG Audit LLC Isle of Man were re-appointed as auditors of the Company for the year to 31 December 2010.

Resolution 4

The directors were authorised to determine the remuneration of the Auditors.

Resolution 5

The Company be authorised to make market purchases of its own shares as follows:

i) the maximum number of shares authorised to be purchased is up to 14.99 per cent of the shares in issue at the time of the passing of this resolution;

ii) the minimum price which may be paid for each Ordinary Share is 10 US cents per share;

iii) the maximum price which may be paid for an Ordinary Share shall not be more than 5 per cent above the average of the middle market quotations for an Ordinary Share for the five business days immediately preceding the date on which the Ordinary Share is purchased; and

iv) this authority will expire on the earlier of 15 months from the passing of this resolution or the conclusion of the next annual general meeting.

SPECIAL RESOLUTIONS

Resolution 6

The current Articles of Association be amended by the insertion of the following article:

76A. Disclosure of substantial interests in shares

Each member of the Company shall comply with the notification obligations of the Company contained in Chapter 5 of the Disclosure and Transparency Rules of the UK Financial Services Authority as if the Company was a UK issuer for the purposes of such rules.

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

Notes to editors:

Speymill Macau Property Company plc ("Speymill Macau" or the "Company")

·; Speymill Macau was incorporated and registered in the Isle of Man on 31 October 2006 and is a closed-ended investment company registered in the Isle of Man and traded on AIM, a market of the London Stock Exchange.

·; The Company was established to invest primarily in the Macau property market. This includes pursuing selective commercial property investments to capture expected ancillary Macau service sector growth. The Company was admitted to AIM on 17 November 2006 raising US$ 80 million in a placing on admission. A second fundraising of US$ 70 million was completed in May 2007. The Company's objective is to provide shareholders with an attractive overall return to be achieved primarily through long-term capital growth.

·; Macau is one of only two Special Economic Regions, a semi-autonomous administrative area, in China, and has enjoyed explosive economic growth, in part due its establishment as an important gambling centre which has led to high historical and forecast GDP growth, driven by rising incomes and low unemployment levels. Coupled with the limited availability of land, developers are now struggling to meet a stronger than anticipated demand for higher quality housing. The Company intends to exploit these favourable market dynamics with the aim of generating attractive overall returns for shareholders.

·; Speymill Property Group Limited ("SPG") is the Manager of the Company and the Investment Adviser is Speymill Property Group (Far East) Limited, a wholly owned subsidiary of SPG.

END