29 May 2008

PME African Infrastructure Opportunities plc ("the Company")

Result of the Annual General Meeting

The Company announces that at the Annual General Meeting held earlier today, shareholders approved the following ordinary resolutions:

Resolution 1 - Adoption of the Report of the Directors, Auditors' Report and the Audited Consolidated Financial Statements of the Company for the period from 19 June 2007 (date of incorporation) to 31 December 2007.

Resolution 2 - No payment of dividend to the holders of the ordinary shares

Resolution 3 - Re-appointment of PricewaterhouseCoopers, Isle of Man as Auditors of the Company for the year ended 31 December 2008.

Resolution 4 -  The authority for the purchase of 14.99% of the fully paid ordinary shares in issue at a price of no less than one cent and not more than US$5.00 with an expiry date of the conclusion of the second Annual General Meeting or, if earlier, on 31 August 2009.

Enquiries

Principle Capital on behalf of 

PME Infrastructure Managers Limited

Anne Dalen                                                                                            Tel: + 44 20 7240 3222

Smith & Williamson

Corporate Finance Limited

Azhic Basirov                                                                                         Tel: +44 20 7131 4000

Fairfax I.S. PLC    

James King                                                                                            Tel: +44 20 7598 5368

Bell Pottinger

Dan de Belder                                                                                       Tel: +44 20 7861 3232

On behalf of 

Helvetica (Isle of Man) 

Company Limited

Clara Parisot                                                                                         Tel: +41 798 249 788

Note to Editors:

• PME African Infrastructure Opportunities Plc ("PME") is a company investing in sub-Saharan African infrastructure and infrastructure related industries. Its shares were admitted to AIM in July 2007 raising US$180 million.

• PME was established to invest in sub-Saharan African infrastructure and infrastructure related industries with a view to generating attractive returns, principally through capital growth. It is targeting opportunities arising from years of under investment in sub-Saharan African infrastructure where that infrastructure will be instrumental in allowing the continent's economic development to continue to grow.

• The Investment Manager is PME Infrastructure Managers Limited ("PMEIM"). The Investment Manager is responsible for identifying new investment opportunities.

•  PMEIM is a joint venture between Principle Capital Holdings S.A. (AIM: PCX.L), Unicos    Partners LLP (holding company of the Helvetica Group of companies), Masazane Capital (Pty)Limited and the interests of Richard Bouma, CEO of PMEIM.