PMEA.L Regulatory News (PMEA)

6 July 2011

PME AFRICAN INFRASTRUCTURE OPPORTUNITIES PLC

 (AIM: PMEA.L; PMEW.L)

Statement re Manager

The Board of PME African Infrastructure Opportunities plc, ("PME" or the "Company"), which invests in sub-Saharan African infrastructure and infrastructure related industries, announces that the Company has today served formal notice on PME Infrastructure Managers Limited ("PMEIM") to terminate the Management Agreement dated 6 July 2007 between the Company and PMEIM, to take effect on 6 July 2012.

The Board continues to receive advice in connection with the management of the Company's existing assets from a team headed by Brian Smith of Masazane Capital, one of the shareholders in PMEIM and its current chief executive.

Further enquiries:

Note to Editors:

- PME African Infrastructure Opportunities plc ('PME') is a company investing in sub-Saharan African infrastructure and infrastructure related industries. Its shares were admitted to AIM in July 2007 raising US$180 million.

- PME was established to invest in sub-Saharan African infrastructure and infrastructure related industries with a view to generating attractive returns, principally through capital growth. It is targeting opportunities arising from years of under investment in sub-Saharan African infrastructure where that infrastructure will be instrumental in allowing the continent's economic development to continue to grow.

- The Investment Manager is PME Infrastructure Managers Limited ('PMEIM'). The Investment Manager is responsible for identifying new investment opportunities.

- The Investment Manager is PME Infrastructure Managers Limited ('PMEIM'), a joint venture between Dunkeld Trust (associated to Masazane Capital (Pty) Limited), Principle Capital Holdings S.A., Unicos Partners LLP (holding company of the Helvetica Group of companies) and the interests of Richard Bouma.