PME African Infrastructure Opps PLC 24 December 2007 24 December 2007 PME African Infrastructure Opportunities Plc ("PMEA" or "the Company") Cancellation of Share Premium Account PME African Infrastructure Opportunities Plc, announces that on 21 December 2007 it received confirmation from the High Court of Justice of the Isle of Man of its approval for the Company to cancel the amount of the share premium account and for such amount to be credited as a distributable reserve. PMEA stated its intention to seek such approval in its admission document dated 6 July 2007. Having received court approval, the amount of the share premium account so cancelled will be credited as a distributable reserve which will be able to be applied in any manner in which the Company's profits available for distribution are able to be applied. 24 December 2007 For further information, please contact: Azhic Basirov Tel: 020 7131 4000 Smith & Williamson Corporate Finance Limited James King Tel: 020 7598 4078 Fairfax I.S. PLC Anne Dalen Tel: 020 7240 3222 Principle Capital on behalf of PME Infrastructure Managers Limited This information is provided by RNS The company news service from the London Stock Exchange