Result of EGM

24 April 2012

SOUTH AFRICAN PROPERTY OPPORTUNITIES PLC

(the "Company")

Extraordinary General Meeting Results

The Board of South African Property Opportunities plc announces that at the Extraordinary General Meeting held today at 09.00 a.m. (UK time), none of the resolutions put to the meeting was passed.

Matrix Paul Fincham +44 (0)20 3206 7175

Robert Naylor +44 (0)20 3206 7340

A copy of the results announcement will be available on the Company's website at www.saprofund.com

Note to Editors:

- South African Property Opportunities plc (SAPRO) is a company investing in the South African property market. Its shares were admitted to AIM in October 2006 raising an initial £30 million (before placing expenses). In May 2007 a further £34.2 million (before placing expenses) was raised from new and existing investors. /END