22 June 2010

PME African Infrastructure Opportunities plc

("PME" or "the Company")

(AIM: PMEA.L; PMEW.L)

Result of AGM

PME African Infrastructure Opportunities plc, the AIM listed fund investing in infrastructure projects across sub-Saharan Africa, announces the following result of the resolutions at the Annual General Meeting (adjourned from 17 June 2010) held earlier today.

1.         To receive and adopt the Report of the Directors, the Auditors' Report and the Audited Consolidated Financial Statements of the Company for the financial year ended 31 December 2009 with proxies representing 66,045,933 ordinary shares voting in favour and no proxies representing ordinary shares voting against - passed unanimously.

2.         To note that no dividend be payable in respect of the Company's Ordinary Shares with proxies representing 16,042,133 ordinary shares voting in favour and with  proxies representing 3,800 ordinary shares voting against - passed by majority.

3.         To re-appoint PricewaterhouseCoopers, Isle of Man as Auditors of the Company for the year to 31 December 2010 with proxies representing 66.045,933 ordinary shares voting in favour and no proxies representing ordinary shares voting against - passed unanimously

4.         To re-appoint the following director retiring by rotation: David von Simson with proxies totalling 66,045,933 ordinary shares voting in favour - passed unanimously.

5.         To re-appoint the following director retiring by rotation: Brian Alan Myerson with proxies totalling 16,042,133 ordinary shares voting in favour and with proxies representing 3,800 ordinary shares voting against - passed by majority.

6.         To re-appoint the following director retiring by rotation: Graca Machel with proxies totalling 16,045,933 ordinary shares voting in favour and no proxies for ordinary shares voting against - passed unanimously.

7.         To renew the authority for the purchase of up to 14.99% of the Company's fully-paid, ordinary shares in issue at a price per share of no less than 1 cent and not more than $5.00 with an expiry date of the conclusion of the Company's third Annual General Meeting, or if earlier, on 21 July 2011 with proxies totalling 16,045,933 ordinary shares voting in favour and proxies totalling 50,000,000 voting against - defeated by majority.

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Notes 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$180.45 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. Unicos Partners LLP (holding company of the Helvetica Group of companies), Masazane Capital (Pty) Limited and the interests of Richard Bouma,