Net Asset Value(s)

5 February 2010

                        Africa Opportunity Fund Limited

Africa Opportunity Fund Limited (AIM: AOF) announces that as of close of
business on 31 January 2010, its unaudited net asset value per share was
US$0.777.

For further information please contact:

Africa Opportunity Fund Limited

Francis Daniels             Tel: [phone]

Grant Thornton Corporate Finance (Nominated Adviser)

Philip Secrett               Tel: [phone]

For further information about AOF see www.africaopportunityfund.com



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