Result of AGM

5 January 2011

South African Property Opportunities Plc

All Resolutions Pass at Adjourned AGM

The Board of Directors of South African Property Opportunities Plc ("SAPRO" or "the Company") is pleased to announce that at the Company's adjourned annual general meeting held today all resolutions were passed including Resolution Four, which approves the re-registration of the Company as a company incorporated under the Companies Act 2006 (as amended) of the Isle of Man. Re-registration will enable the Company, amongst other things, to return capital more efficiently through share buybacks and other means.

David Hunter, SAPRO's Chairman noted: "We are gratified that shareholders have overwhelmingly voted in favour of all resolutions, including Resolution Four, which was a special resolution. The passing of this resolution coupled with the recent appointment of a new investment manager should further the Company's efforts to accomplish the objectives set forth in our 19 July 2010 strategic review announcement. This includes actively marketing those assets falling into the orderly sale category and promptly returning surplus proceeds to shareholders. We will provide further updates as matters progress."

For further information, please contact:

Paul Fincham

Matrix Corporate Capital LLP

+44 (0)20 3206 7175

Tim McCall/Lucinda Kemeny

MHP Communications

+44(0)20 3128 8100