Net Asset Value(s)

7 January 2009 Africa Opportunity Fund Limited Africa Opportunity Fund Limited (AIM: AOF) announces that as at close of business on 31 December 2008, its unaudited net asset value per share was US$0.519. For further information please contact: Africa Opportunity Fund Limited Francis Daniels Tel: +2711 684 1528 Grant Thornton UK LLP (Nominated Adviser) Philip Secrett Tel: +44 207 383 5100
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