Africa Opportunity Fund Ltd - Announces that the partial mandatory redemption of the company’s Shares announced last week Monday has been completed with the redemption of 8.7 million shares at the prevailing net asset value per share of $0.869. The shares were cancelled automatically following their redemption. Payments of redemption proceeds are expected on or around May 31.

Current stock price: $0.55, unchanged in London on Wednesday

12-month change: down 23%

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