PME African Infrastructure Opps PLC
13 July 2007


TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1) Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

PME African Infrastructure Opportunities plc

(2) Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights (Yes)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify): (No)

(3) Full name of person(s) subject to the notification obligation:

QVT Financial LP

(4) Full name of shareholder(s) (if different from (3)):

QVT Fund LP

Quintessence Fund L.P.

(5) Date of the transaction and date on which the threshold is crossed or
reached (if different):

10 July 2007 (date of entry into subscription agreement)

12 July 2007 (date of allotment and admission to trading)

(6) Date on which issuer notified:

13 July 2007

(7) Threshold that is crossed or reached:

20%

(8) Notified details:

A: Voting rights attached to shares
Class/   Situation previous   Resulting situation after the triggering
type of  to the Triggering    transaction
shares   transaction
if       Number  Number of    Number of     Number of Voting     % of voting
possible of      Voting       Shares        Rights               rights
using    Shares  Rights
the ISIN
code
                              Direct        Direct Indirect      Direct Indirect
Ordinary Below   Below 5%      40,000,000           40,000,000           22.17%
shares   5%

B: Financial instruments
Resulting situation after the triggering transaction
Type of     Expiration Exercise /     Number of voting rights that may   % of
Financial   Date       Conversion     be acquired is the instrument is   voting
Instrument             Period / Date  exercised / converted              rights
N/A

Total (A+B)
Number of voting rights                      % of voting rights
40,000,000                                   22.17

(9) Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

N/A

Proxy Voting:

(10) Name of the proxy holder:


N/A

(11) Number of voting rights proxy holder will cease/acquire to hold:

N/A

(12) Date on which proxy holder will cease/acquire to holding voting rights:

N/A

(13) Additional information:

Securities not acquired on exchange but acquired by direct subscription of new
shares from the company.

(14) Contact name:

Lars Bader

(15) Contact telephone number:

+1 212 705 8800




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