Net Asset Value(s)

7 April 2009

                   Africa Opportunity Fund Limited

Africa Opportunity Fund Limited (AIM: AOF) announces that as at close
of business on 31 March 2009, its unaudited net asset value per share
was US$0.511.

For further information please contact:

Africa Opportunity Fund Limited
Francis Daniels                         Tel: [phone]

Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett                                        Tel: +44 207
383 5100

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