15 July 2010

PME AFRICAN INFRASTRUCTURE OPPORTUNITIES PLC

("PME" or the "Group") (AIM: PMEA.L; PMEW.L)

Director and Management Changes

PME African Infrastructure Opportunities plc, an investment company established to invest in sub-Saharan African infrastructure and infrastructure related industries, announces that, following the statement issued, yesterday, by the Panel on Takeovers and Mergers regarding Brian Myerson, Mr Myerson has resigned from the board of PME ("the Board") with immediate effect.

Further, the Board is pleased to have been notified that Richard Bouma has returned to active service as part of a broader restructuring of the Investment Manager. John Webley has already replaced Mr Myerson in the role of non executive chairman of PME Infrastructure Managers Limited supported by Richard Bouma as executive vice chairman. Brian Smith will retain the role of chief executive officer in charge of the day to day operations.

Further enquiries:

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 Managers Limited ('PMEIM'). The Investment Manager is responsible for identifying new investment opportunities.

·      PMEIM is a joint venture between Masazane Capital (Pty) Limited, Principle Capital Holdings S.A., Unicos Partners LLP (holding company of the Helvetica Group of companies) and the interests of Richard Bouma.