Net Asset Value(s)

3 September 2010

                        Africa Opportunity Fund Limited

Africa  Opportunity  Fund  Limited  (AIM:  AOF)  announces  that  as at close of
business  on  31 August  2010, its  unaudited  net  asset  value  per  share was
US$0.802.

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