REG - South African Prop. - PPP Claim

09 Feb 2010

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RNS Number : 8729G
South African Property Opps PLC
09 February 2010 
 
9 February 2010 
 
South African Property Opportunities plc 
 
("SAPRO", the "Company") 
 
South African Property Opportunities PLC today announces that it has received a claim from Proteus Property Partners
Limited ("PPP"), the Company's investment manager, in respect of performance fees allegedly due to PPP of an amount of up
to £5,101,304 plus interest and costs. The Company believes that the claim is without merit and intends to vigorously
defend it. 
 
PPP is also claiming for outstanding management fees of approximately £430,000 plus interest and costs.  The Company is
taking advice from its solicitors in relation to such claim. 
 
- ENDS - 
 
For further information, please contact: 
 
Tim McCall/Lucinda Kemeny 
 
Hogarth Partnership 
 
+44 (0)20 7357 9477 
 
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