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 This information is provided by RNS The company news service from the London Stock Exchange