Director/PDMR Shareholding

Summary by AI ^BETAClose X

Africa Opportunity Fund Limited announced that Director Robert Knapp purchased 214,526 ordinary shares at US$0.55 per share, increasing his total interest to 5,066,011 ordinary shares. Additionally, Africa Opportunity Cayman Limited, a person closely associated with Mr. Knapp, holds 1,387,375 ordinary shares. This transaction, which occurred on December 11, 2025, on the London Stock Exchange, represents a significant personal investment by a company director.

Disclaimer*

Africa Opportunity Fund Limited

12 December 2025

Africa Opportunity Fund Limited ("the Company")

Director/PDMR dealing

The Company announces that Robert Knapp, Director, has purchased 214,526 ordinary shares in the Company ("Ordinary Shares") at a price of US$0.55 per Ordinary Share. As a result, Robert Knapp is interested in 5,066,011 Ordinary Shares.

The Company also announces that Africa Opportunity Cayman Limited, a Person Closely Associated with Robert Knapp, is interested in 1,387,375 Ordinary Shares.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Robert Knapp
2.	Reason for the notification
(a)	Position/status	Director
(b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Africa Opportunity Fund Limited
(b)	LEI	213800R1UVN1T8YXS179
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the Financial Instrument	Ordinary shares of US$0.01 each
(b)	Identification code of the Financial Instrument	KYG012921535
(c)	Nature of the transaction	Purchase of shares
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		US$0.55	214,526

(e)	Aggregated information - Aggregated volume - Price	N/A
(f)	Date of the transaction	11 December 2025
(g)	Place of the transaction	London Stock Exchange

For further information please contact:

Africa Opportunity Fund Limited

Francis Daniels

Tel: +2711 684 1528

Shore Capital (Corporate Broker)

Gillian Martin

Tel: +44 20 7408 4050

Anita Ghanekar

Sophie Collins

About Africa Opportunity Fund Limited:

Africa Opportunity Fund Limited ("AOF") is a closed-end investment company incorporated in the Cayman Islands and traded on the Specialist Fund Segment of the London Stock Exchange. For more information about AOF, see www.africaopportunityfund.com.

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