PME African Infrastructure Opps PLC 01 February 2008 1 February 2008 PME AFRICAN INFRASTRUCTURE OPPORTUNITIES PLC ("PME" or the "Company") (AIM: PMEA.L; PMEW.L) PME announces TMP Uganda transaction PME today announced the exchange of contracts for an investment in TMP Uganda Limited ("TMP Uganda"). TMP Uganda is a telecommunications start-up based in Uganda and which has been awarded licences to provide telecommunications services throughout Uganda. It aims to be the number one broadband provider in Uganda by delivering high quality broadband services throughout the country using a WiMax technology platform. Investment highlights: * PME has provided TMP Uganda with debt financing in order to accelerate the roll-out of its WiMax based network platform. * Subject to Ugandan regulatory approval, PME will also acquire a significant controlling equity position in TMP Uganda. * The initial investment is for a total of US$2.5 million with an option to invest a further US$17.5 million. TMP Uganda is owned and managed by TMP Uganda Management AS, which is a Norwegian based spin-off of the multinational telecommunications giant, Telenor ASA. TMP Uganda Management AS has a wealth of experience in building and managing large telecommunications networks in developing countries and particularly in Africa. TMP Uganda Management will remain as a shareholder in TMP Uganda and will continue to be responsible for providing to it all requisite management and technical expertise. Richard Bouma, CEO of PME Infrastructure Managers Limited, commented: "TMP Uganda and the relationship with TMP Management AS are at the heart of PME's telecommunication strategy. We believe that Uganda's continued economic development and the spectacular growth in mobile penetration rates are inextricably linked. We are excited to be investing in the next phase of this growth, which we believe will bring broadband and data connectivity to a rapidly increasing percentage of the Ugandan population." Further enquiries: Principle Capital on behalf of Anne Dalen +44 20 7240 3222 PME Infrastructure Managers Limited Smith & Williamson Siobhan Sergeant +44 20 7131 4000 Corporate Finance Limited Fairfax I.S. PLC James King +44 207 598 5368 Bell Pottinger Dan de Belder +44 207 861 3232 Helvetica (Isle of Man) Company Limited Clara Parisot +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 Manager Limited. The Investment Manager is responsible for identifying new investment opportunities. - The Investment Manager is 31.7% owned by Principle Capital Holdings S.A. (AIM: PCX.L) This information is provided by RNS The company news service from the London Stock Exchange