Holding(s) in Company

16 June 2009 Africa Opportunity Fund Limited ("AOF" or "the Company") Holdings in Company AOF was informed on 10 June 2009 by Tudor BVI Global Portfolio L.P. ("Tudor") that: (i) Tudor holds, through its nominee, LBPB Nominees Limited, 13,750,229 ordinary shares of USD 0.01 each in the Company, and (ii) as a result of the tender offer (as announced on 4 February 2009), Tudor's holding referred to in clause (i) represents approximately 32.25% of the issued share capital of the Company. For further information please contact: Africa Opportunity Fund Limited Francis Daniels Tel: +2711 684 1528 Grant Thornton UK LLP (Nominated Adviser) Philip Secrett Tel: +44 207 383 5100 LCF Edmond de Rothschild Securities Limited (Nominated Broker) Claire Heathfield/Hiroshi Funaki Tel: +44 020 7845 5960 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.