AOF Africa Opportunity Fund Limited

24 June 2024

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

Publication of Circular and notice of Extraordinary General Meeting

The Company's Board announces that it has today published a circular (the "Circular"), including a Notice of Extraordinary General Meeting, setting out details of a proposed change its investment policy from its current realisation strategy to instead enable the Company to make new investments together with some consequential changes to the existing management and governance arrangements of the Company (together the "Proposals").  The New Investment Policy will be implemented by Africa Opportunity Partners LLC, the existing investment manager of the Group.

The Circular, which contains the notice convening the Extraordinary General Meeting to be held at 10.00 a.m. (Cayman Islands Time) / 4.00 p.m. (British Summer Time) on 15 July 2024, together with the Form of Proxy, for voting on the resolution relating to the Proposals. These documents are also available on the Company website: www.africaopportunityfund.com.

Any capitalised terms not defined in this announcement shall have the same meaning as those defined in the Circular.

For more information please contact:

Africa Opportunity Fund Limited

Francis Daniels                                                             Tel: +2711 684 1528

Shore Capital (Corporate Broker)

Gillian Martin / Anita Ghanekar / Sophie Collins               Tel: +44 20 7408 4050

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

This announcement is released by Africa Opportunity Fund Limited and contains inside information for the purposes of the UK version of the Market Abuse Regulation (EC No. 594/2014).

LEI: 213800R1UVN1T8YXS179