Dividend Declaration

24 September 2009


      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$0.0026 per share  will be paid on 7  October
2009. The shares will be marked ex-dividend on 30 September 2009  and
the record date will be 2 October 2009. This is the third  instalment
of an aggregate annual dividend of an amount equal to the product  of
Net Asset Value on 31 December 2008 multiplied by the one year  LIBOR
rate (as  derived from  Bloomberg) on  the 2  January 2009.  This  is
payable in  four equal  quarterly instalments  of which  this is  the
third, with the final payment expected to be made in January 2010.

For further information please contact:

Africa Opportunity Fund Limited
Francis Daniels                                     Tel: [phone]
1528

Grant Thornton Corporate Finance (Nominated Adviser)
Philip Secrett                                        Tel:  +44 207
383 5100


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

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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.