21 August 2019

Africa Opportunity Fund Limited (the "Company")

Weekly Estimate

Net Asset Value - Ordinary Shares

Africa Opportunity Fund Limited (SFS: AOF) announces that as at close of business on 16 August 2019, its estimated net asset value per ordinary share was US$0.659.

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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