Announcement of Dividend

27 March 2008

                                                                               

                                                                               

           Africa Opportunity Fund Limited ("AOF" or "the Company")            

                                                                               

                                                                               

                           Announcement of Dividend                            

 

 

Africa Opportunity Fund Limited is pleased to announce that a dividend of
US$0.0113 per share will be paid on 9 April 2008. The shares will be marked
ex-dividend on 2 April 2008 and the record date will be 4 April 2008.

 

For further information please contact:

 

Africa Opportunity Fund Limited

Francis Daniels                                     Tel: [phone]

 

Grant Thornton Corporate Finance (Nominated Adviser)

Philip Secrett/Cha Patel                        Tel:  [phone]

 

 

LCF Edmond de Rothschild Securities Limited (Nominated Broker)

Claire Heathfield/Hiroshi Funaki            Tel: [phone]