Notice of AGM

10 May 2018

Africa Opportunity Fund Limited ("AOF" or the "Company")

Notice of AGM

The Company announces that it has today sent to shareholders notice of its Annual General Meeting ("AGM") which will be held at Cresta Lodge, Cnr. Samora Machel Avenue & Robert Mugabe Road, Msasa, Harare, Zimbabwe at 9.00 a.m. (British Summer Time) / 10.00 a.m. (Central Africa Time) on Tuesday 5 June 2018.

Copies of the notice of AGM and the associated proxy form are also available on the Company's website at: www.africaopportunityfund.com

For further information please contact:

Africa Opportunity Fund Limited

Francis Daniels Tel: +2711 684 1528