13 June 2022

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 39 Market Street, Suite 3205, Gardenia Court, Camana Bay, Grand Cayman, KY1-9003, Cayman Islands at 9.30 a.m. (Cayman Islands Time) / 3.30 p.m. (British Summer Time) on Wednesday 29 June 2022.

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

Liberum (Corporate Broker)

Owen Matthews                                                         Tel: +44 20 3100 2000