Announcement of Dividend

24 June 2010


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

                            Announcement of Dividend


Africa Opportunity Fund Limited is pleased to announce that a quarterly dividend
of  US$0.0018 per share will be paid  on 12 July 2010. The shares will be marked
ex-dividend on 30 June 2010 and the record date will be 2 July 2010. This is the
second  instalment of  an aggregate  annual dividend  of an  amount equal to the
product  of Net Asset Value on 31 December 2009 multiplied by the one year LIBOR
rate  (as derived from Bloomberg) on the 4 January 2010. This is payable in four
equal  quarterly instalments  of which  this is  the second,  with the following
payments expected to be made in October of 2010 and January of 2011.

For further information please contact:

Africa Opportunity Fund Limited
Francis DanielsTel: [phone]

Grant Thornton Corporate Finance (Nominated Adviser)
Philip SecrettTel:  [phone]


LCF Edmond de Rothschild Securities Limited (Nominated Broker)
Claire Heathfield/Hiroshi FunakiTel: [phone]






[HUG#1426644]








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		Source: Africa Opportunity Fund Ltd via Thomson Reuters ONE