Net Asset Value

4 June 2010

                        Africa Opportunity Fund Limited

Africa  Opportunity  Fund  Limited  (AIM:  AOF)  announces  that  as at close of
business on 31 May 2010, its unaudited net asset value per share was US$0.775.

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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