Net Asset Value(s)

4 November 2010

                        Africa Opportunity Fund Limited

Africa  Opportunity  Fund  Limited  (AIM:  AOF)  announces  that  as at close of
business  on  31 October  2010, its  unaudited  net  asset  value  per share was
US$0.931.

For further information please contact:

Africa Opportunity Fund Limited
Francis Daniels                                    Tel: [phone]


Grant Thornton Corporate Finance (Nominated Adviser)
Philip Secrett                                       Tel: [phone]

For more information about AOF, see www.africaopportunityfund.com



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Source: Africa Opportunity Fund Ltd via Thomson Reuters ONE