Quarterly Report

18 January 2010

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


                                Quarterly Report


A  quarterly report detailing the activities of the Company for the period ended
31 December  2009 has today been issued  by Africa Opportunity Partners Limited,
the investment manager of the Company.


Electronic copies of the report have been emailed to shareholders. Copies of the
report will be available, free of charge, from the offices of Grant Thornton UK
LLP, 30 Finsbury Square, London EC2P 2YU or the offices of Africa Opportunity
Partners, PO Box 309 GT, Ugland House, South Church Street, George Town, Grand
Cayman, Cayman Islands for a period of 30 days from the date of this
announcement and available from the Company's website,
www.africaopportunityfund.com.



[HUG#1374073]