Net Asset Value(s)

4 August 2008 Africa Opportunity Fund Limited Africa Opportunity Fund Limited (AIM: AOF) announces that as at close of business on 31 July 2008, its unaudited net asset value per share was US$0.943. For further information please contact: Africa Opportunity Fund Limited Francis Daniels Tel: +2711 684 1528 Grant Thornton UK LLP (Nominated Adviser) Philip Secrett/Cha Patel Tel: +44 207 383 5100
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