Quarterly Report

Africa Opportunity Fund Limited
30 April 2008

30 April 2008



                Africa Opportunity Fund Limited ('the Company')

                                Quarterly Report


A quarterly report detailing the activities of the Company for the period ended
31 March 2008 has today been issued by Africa Opportunity Partners, the
investment manager of the Company.



Electronic copies of the report have been emailed to shareholders. Copies of the
report will be available, free of charge, from the offices of Grant Thornton
Corporate Finance, 30 Finsbury Square, London EC2P 2YU or the offices of Africa
Opportunity Partners, PO Box 309 GT, Ugland House, South Church Street, George
Town, Grand Cayman, Cayman Islands for a period of 30 days from the date of this
announcement and available from the Company's website, www.aof.ky.






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