Net Asset Value(s)

11 January 2010

                        Africa Opportunity Fund Limited

Africa Opportunity Fund Limited (AIM: AOF) announces that as at close of
business on 31 December 2009, its unaudited net asset value per share was
US$0.738.

For further information please contact:

Africa Opportunity Fund Limited

Francis Daniels [phone]

Grant Thornton Corporate Finance (Nominated Adviser)

Philip Secrett [phone]





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