Quarterly Report

14 January 2011

            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  2010 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.







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(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Africa Opportunity Fund Ltd via Thomson Reuters ONE

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