06 July 2020

Africa Opportunity Fund Limited ("AOF")

Net Asset Value - Ordinary Shares

Africa Opportunity Fund Limited (SFS: AOF) announces that as at close of business on 30 June 2020, its unaudited net asset value per ordinary share was US$0.550

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The estimated weekly NAVs are provided by the Investment Manager of the Company, as calculated by the administrator, and are, by their nature, based on incomplete and estimated data.  The making of such estimates involves known and unknown risks, uncertainties and other factors which may cause the estimated results or performance to be different from actual results or performance.                                                       

For more information about AOF, see www.africaopportunityfund.com

LEI: 213800R1UVN1T8YXS179