29 April 2015

PME African Infrastructure Opportunities plc

("PME", the "Company" and together with its subsidiaries the "Group")

(AIM: PMEA.L)

Update re Sale of Rail Assets

The Company announced on 17 April 2015 that it had entered into agreements to sell 100% of the equity of PME's wholly owned subsidiary, PME RSACO (Mauritius) Limited, the Group entity which holds the Group's 50% interest in Sheltam Holdings (Pty) Ltd, together with certain intercompany loans, and the disposal of seven C30 locomotives currently owned by PME Locomotives (Mauritius) Limited (the "Disposal").

As stated in that announcement, the Disposal was subject to certain conditions including the approval from the South African competition authorities. The Company is pleased to confirm that the necessary approval has now been received from the South African competition authorities with respect to the Disposal.

With this condition satisfied, the Company expects to complete the Disposal on or before 6 May 2015. 

For further information please contact: