AIM Rule 26 Disclosure

The Company intends to invest primarily in a portfolio of high quality residential property throughout Macau. The Company's emphasis will be on acquiring assets with an overall target internal rate of return of 20 per cent. per annum. Initially, the Company will primarily purchase properties in zoned development projects (being such development projects for which planning consents have been obtained) but, over time, the Company may invest up to 10 per cent. of its equity in unzoned land.

At the discretion of the Board, the Company may also invest in commercial property opportunities identified by the Manager. However, it is not anticipated that this will exceed 30 per cent. of the Gross Assets once the net proceeds of the Placing are fully invested and measured at the time of investment. The Company may also, at the discretion of the Board, consider investments in the Pearl River Delta region in China should suitable opportunities arise.

Pending investment, the Company's uninvested assets will be held by the Custodian pursuant to the instructions of the Directors and the Manager. Whilst the Manager cannot say for certain how many investments will be made, it is anticipated that, once fully invested, no one underlying single property building will represent in excess of 50 per cent. of the Gross Assets at the time of investment.

The Board may, at their discretion, realise a portion of the property portfolio should suitable opportunities for realisation arise. The proceeds from such realisations may be reinvested in accordance with the Company's investment strategy or distributed pursuant to the Company's dividend policy.

This information can be found on the Board of Directors page.

Speymill Macau Property Company plc (MCAU) is an incorporated Isle of Man company (Company Number 118202C) registered on the 31st October 2006. Its main country of operation is China. Its registered office is:

As Speymill Macau Property Company plc is registered in the Isle of Man, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.

• Admission document
• Articles of Association
• Special Resolution
• Report and Accounts
• RNS Announcements

Trading Platforms

MCAU does not have its shares listed on any exchange or trading platform other than AIM.

There are currently no shares held as Treasury stock.
Percentage of AIM Ordinary Shares Securities not in public hands:80.9%
The number of shares currently in issue is 107,904,910 shares

Transfer Restrictions

There are no restrictions on the transfer of the Speymill Macau shares.