Stirling Mortimer Global Property Fund PCC Ltd

29 May 2012

STIRLING MORTIMER GLOBAL PROPERTY FUND PCC LIMITED

MAJESTIC VILLAGE NO 3 FUND

NO 4 FUND CAPE VERDE

NO 5 FUND SPAIN

NO 6 FUND MOROCCO

NO 7 FUND CAPE VERDE II

(collectively the “Funds”)

 (Incorporated in Guernsey with registered number 46547)

EXTENSION OF REDEMPTION DATES

The Board of Stirling Mortimer Global Property Fund PCC Limited (the “Company”) announces its decision to extend the redemption dates of the Funds until such time as the Funds have effectively concluded their business, on the basis permitted by the Offering Memorandum and individual Supplemental Memoranda for each of the Funds (the “Listing Documents”), which grants the Board discretion to extend any Redemption Date “if the Fund has been unable to dispose of all “right to purchase” contracts”; such extension may “continue until all such contracts and any properties required to be completed have been disposed”.

The Company has kept investors updated as to the various issues affecting the Funds, which are having and will continue to have a knock-on effect on the Funds’ ability to ultimately dispose of RTP contracts or completed properties. Due to the complexities involved in seeking resolutions of these matters including, for example, by pursuit of legal or other actions, the Board is not currently in a position to accurately foresee redemption dates for any of the Funds.

As a result, the Board believes that extending the redemption dates of individual Funds on the basis set out above to be the only viable option and thus in the best interests of the Funds’ investors, as it allows the Company time to continue to pursue satisfactory resolution of these outstanding issues.

As ever, the Board endeavours to keep shareholders fully apprised as individual matters progress, which will include communication of intentions to establish firm redemption dates in the fullness of time.

ELECTRONIC COMMUNICATIONS WITH SHAREHOLDERS

The Company is proposing to provide the Company with the option to communicate with Shareholders by means of a website or other electronic communications, including the option to make the Company's annual accounts, the Directors' report and the auditor's report ("Accounts and Reports") available to all shareholders by means of a website rather than sending printed copies of the document to all shareholders. If this option is used, Shareholders would be notified of the availability of the document on the Company's website.

The introduction of this facility will provide the Company greater flexibility in communicating with Shareholders. In addition, it would likely reduce the costs of the Company related to the printing and posting of its Accounts and Reports and other documents.

As a result, the Company further announces that, in accordance with the Companies (Guernsey) Law 2008, a written resolution has been circulated today to those shareholders entitled to vote proposing a special resolution to adopt this facility.

Please click on the link to access the written resolution.

For further information, please contact: