PMEA Pme African Infrastructure Opportunities Plc

TIDMPMEA

RNS Number : 0616V

PME African Infrastructure Opps PLC

29 November 2019

29 November 2019

PME African Infrastructure Opportunities plc

("PME" or the "Company")

(AIM: PMEA.L)

AGM Statement

At the Company's Annual General Meeting today, Paul Macdonald, PME's Chairman, will make the following statement:

"As disclosed in PME's recently published Interim Results, we have continued our efforts to register the intercompany loan with the Bank of Tanzania in order to have the freedom to repatriate funds out of Tanzania. This process has continued to be time consuming with no conclusion reached so far but we remain optimistic that the process can be concluded in the near future. As a result and as announced earlier today, the Company has put in place an additional loan facility of EUR200,000 in order to meet its near-term funding needs. As indicated previously, we have been progressing our review of the de-listing of PME's shares from the AIM market and anticipate publishing proposals in this regard in December 2019."

For further information please contact:

Cenkos Securities plc +44 20 7397 8900

Nominated Adviser

Azhic Basirov / Ben Jeynes

Stifel Nicolaus Europe Limited +44 20 7710 7600

Broker

Neil Winward / Tom Yeadon

The information communicated within this announcement was deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 prior to the release of this announcement. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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