Quarterly Report

11 July 2008

                Africa Opportunity Fund Limited ("the Company")                

                               Quarterly Report                                

A quarterly report detailing the activities of the Company for the period ended
30 June 2008 has today been issued by Africa Opportunity Partners, the
investment manager of the Company.

Electronic copies of the report have been emailed to shareholders. Copies of
the report will be available, free of charge, from the offices of Grant
Thornton Corporate Finance, 30 Finsbury Square, London EC2P 2YU or the offices
of Africa Opportunity Partners, PO Box 309 GT, Ugland House, South Church
Street, George Town, Grand Cayman, Cayman Islands for a period of 30 days from
the date of this announcement and available from the Company's website,
www.africaopportunityfund.com.