PMEA.L Regulatory News (PMEA)

15 September 2017

PME African Infrastructure Opportunities plc

("PME" or the "Company")

(AIM: PMEA.L)

Result of Tender Offer

Director's Dealing

Further to the announcement of the result of the Extraordinary General Meeting held on 6 September 2017, the Board of PME announces that the current tender offer for the purchase of up to 16,389,294 Ordinary Shares (representing 40 per cent. of the Ordinary Shares outstanding at the Record Time) at US$0.21 per Ordinary Share (the "Current Tender Offer") closed at 1.00 p.m. on 13 September 2017.

A total of 21,449,271 Ordinary Shares were tendered and 16,389,294 Ordinary Shares, comprising 40.0 per cent. of the Ordinary Shares outstanding will be purchased at a price per Ordinary Share of US$0.21. It is expected that both the CREST settlement of the Current Tender Offer and the despatch of cheques in respect of certificated holdings, will take place on 19 September 2017.

The 21,449,271 Ordinary Shares tendered consisted of 14,314,229 Ordinary Shares validly tendered by Eligible Shareholders under their Basic Entitlement and Excess Applications of a further 7,135,042 Ordinary Shares. As a result, 29.08 per cent. of Excess Applications will be accepted under the Tender Offer.

As set out in the Current Tender Offer document, the 16,389,294 Ordinary Shares validly tendered will be cancelled. Therefore, with effect from 19 September 2017 the total number of voting rights attached to remaining Ordinary Shares will be 24,583,942. The voting rights on all these shares are identical. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest, in the Company, following 19 September 2017.

Lawrence Kearns, a Director of the Company, tendered 14,800 Ordinary Shares in the Current Tender Offer at the Tender Price of US$0.21 per share. Following completion of the Current Tender Offer, Mr Kearns will hold 22,200 Ordinary Shares, which will represent 0.1 per cent. of Company's issued ordinary share capital following the cancellation of the Ordinary Shares validly tendered under the Current Tender Offer.

All defined terms are as set out in the Circular and Tender Form.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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