Net Asset Value(s)

23 March 2026

Africa Opportunity Fund Limited (the "Company")

Weekly Estimate

Net Asset Value - Ordinary Shares

Africa Opportunity Fund Limited (SFS: AOF) announces that as at close of business on 20 March 2026, its estimated net asset value per ordinary share was US $2.523.

For further information, please contact:

Africa Opportunity Fund Limited

Francis Daniels

Tel: +2711 684 1528

Shore Capital (Corporate Broker)

Gillian Martin / Anita Ghanekar / Sophie Collins

Tel: +44 20 7408 4050

The estimated weekly NAVs are provided by the Investment Manager of the Company, as calculated by the administrator, and are, by their nature, based on incomplete and estimated data. The making of such estimates involves known and unknown risks, uncertainties and other factors which may cause the estimated results or performance to be different from actual results or performance.

For more information about AOF, see www.africaopportunityfund.com

LEI: 213800R1UVN1T8YXS179