22 August 2023

Africa Opportunity Fund Limited ("AOF" or the "Company")

Notice of AGM

The Company announces that, in connection with its annual general meeting held at 9.30 a.m. (Cayman Islands Time) / 3.30 p.m. (British Summer Time) on 29 June 2023 (the "June AGM"), although beneficial owners of the Company's shares submitted their voting instructions on time, an insufficient number of registered nominees (through which the Company's shares are held electronically) submitted their proxy forms on time. Thus, the minimum number of registered members required to attend for the June AGM to be quorate under the Articles was not achieved. Therefore, no resolutions were passed.  

Accordingly, the Directors are convening a new annual general meeting for the purposes of, inter alia, proposing the resolutions that were first proposed at the June AGM. The Company therefore announces 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 AM (Cayman Islands Time) / 3.30 PM (British Summer Time) on 19 September 2023.

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)

Darren Vickers / Owen Matthews                              Tel: +44 20 3100 2000