Announcement of Dividend

25 June 2009


      Africa Opportunity Fund Limited ("AOF" or "the Company")

                      Announcement of Dividend


Africa Opportunity  Fund  Limited  is  pleased  to  announce  that  a
quarterly dividend of  US$0.0026 per  share will  be paid  on 8  July
2009. The shares will  be marked ex-dividend on  1 July 2009 and  the
record date will be 3 July 2009. This is the second instalment of  an
aggregate annual dividend of  an amount equal to  the product of  Net
Asset Value on 31 December 2008 multiplied by the one year LIBOR rate
(as derived from Bloomberg) on the 2 January 2009. This is payable in
four equal quarterly instalments  of which this  is the second,  with
the following payments  expected to be  made in October  of 2009  and
January of 2010.

For further information please contact:

Africa Opportunity Fund Limited
Francis Daniels                                     Tel: [phone]
1528

Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett                                        Tel:  +44 207
383 5100


LCF Edmond de Rothschild Securities Limited (Nominated Broker)
Claire Heathfield/Hiroshi Funaki            Tel: [phone]

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