Net Asset Value(s)

5 May 2010

                        Africa Opportunity Fund Limited

Africa  Opportunity  Fund  Limited  (AIM:  AOF)  announces  that  as at close of
business on 30 April 2010, its unaudited net asset value per share was US$0.846.

For further information please contact:

Africa Opportunity Fund Limited
Francis DanielsTel: [phone]


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

For more information about AOF, see www.africaopportunityfund.com



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