AFMF Adv. Front. Npv

Advance Frontier Markets Fund Limited ("the Company") announces that its unaudited Net Asset Value as at the close of business on 13 November 2015 was USD 0.8563 per share (Sterling equivalent at that date was GBP 0.5621 per share).

In accordance with the Company's valuation policy, the Company's published NAV per share figures have always included and continue to include current financial year revenue items.

17 November 2015

www.frontiermarketsfund.com    

Enquiries:                                                                                        

Advance Emerging Capital Limited (investment manager to Advance Frontier Markets Fund Limited)

Andrew Lister / Bernard Moody           Tel: +44 (0)20 7016 0030                   

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett                Tel: +44 (0)20 7383 5100

Numis Securities Limited (Nominated Broker)

David Benda                Tel: +44 (0) 20 7260 1275

END