Africa Opp. Regulatory News (AOF)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Mombaur

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Africa Opportunity Fund Limited

b)

LEI

N/A

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, type of instrument

C Class Shares of US$0.01 each

Identification code

ISIN: KYG012921121

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

$0.64

155,000

d)

Aggregated information

Aggregate volume: 155,000

- Aggregated volume

Aggregate price: $0.64

Aggregate total: $99,200

- Price

e)

Date of the transaction

5 December 2016

f)

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Mombaur

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Africa Opportunity Fund Limited

b)

LEI

N/A

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, type of instrument

C Class Shares of US$0.01 each

Identification code

ISIN: KYG012921121

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

$0.62

323,500

d)

Aggregated information

Aggregate volume: 323,500

- Aggregated volume

Aggregate price: $0.62

Aggregate total: $200,570

- Price

e)

Date of the transaction

6 December 2016

f)

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Mombaur

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Africa Opportunity Fund Limited

b)

LEI

N/A

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, type of instrument

C Class Shares of US$0.01 each

Identification code

ISIN: KYG012921121

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

$0.62

700,000

d)

Aggregated information

Aggregate volume: 700,000

- Aggregated volume

Aggregate price: $0.62

Aggregate total: $434,000

- Price

e)

Date of the transaction

7 December 2016

f)

Place of the transaction

London Stock Exchange (XLON)