27 June 2019

Africa Opportunity Fund Limited (“AOF” or the “Company”)

Result of Extraordinary General Meeting

The Company is pleased to announce that at the Extraordinary General Meeting held at 9.00 a.m. (Cayman Islands Time) / 3.00 p.m. (British Summer Time) on 27 June 2019 the resolutions tabled were duly passed without amendment.

The details of voting on the resolutions are as follows:

*Percentage of votes cast excludes withheld votes.

** “Vote Withheld” is not a vote in law and is not counted in the calculation of the proportion of the votes “For” and “Against” a resolution and is not reflected in the total figures set out above.

Further to the approval of the changes to the Company’s Articles to permit compulsory redemptions of the Company’s shares at the Board’s discretion as a way of returning capital to shareholders, additional detail will be laid out in a separate announcement with respect to this mechanism in due course.

For further information please contact:

Africa Opportunity Fund Limited

Francis Daniels

Tel: +2711 684 1528

Liberum (Corporate Broker)

Gillian Martin / Owen Matthews

Tel: +44 20 3100 2000

About Africa Opportunity Fund Limited:

Africa Opportunity Fund Limited (“AOF”) is a closed-end investment company incorporated in the Cayman Islands and traded on the Specialist Fund Segment of the London Stock Exchange. For more information about AOF, download the document.