26 October 2017                                                                                                                                                   For Immediate Release

                             Anglo African Agriculture plc                         

                               ("AAA" or the "Company")                            

           Funding to Strengthen AAAP's Product Range and Business Expansion       

    The Board of Anglo African Agriculture plc (LSE: AAAP), the London Main board
    listed food manufacturing and trading company, today announces that it has
    raised approximately £140,000 (gross) (the "Subscription Amount") by way of
    subscription of 20,000,000 new ordinary shares of 0.1p each (the "Subscription
    Shares") at a price of 0.7p per Subscription Share.

    The Subscription proceeds will be used to provide additional working capital,
    which will enable the Company to increase stock levels in the Dynamic
    Intertrade business to provide a wider product range for customers and allow
    the company to increase stock levels of core mixing ingredients to meet growing
    customer demand.

    David Lenigas, Non-Executive Chairman, commented: "We are coming in to the very
    busy season for the Dynamic Intertrade and it is imperative we are well funded
    to keep up with growing customer demand over this period. We are also looking
    at new business opportunities and it is also important to have a stronger
    balance sheet whilst reviewing target businesses for acquisition."

    The Subscription Shares will rank pari passu with the existing ordinary shares.
    The Company has made application for admission of the Subscription Shares and
    it is expected that admission will become effective and that dealings in the
    Subscription Shares will commence at 8.00am on 1 November 2017.

    Following the issue of the Subscription Shares, the Company will have
    226,983,954 shares in issue.

    For further information please contact:

    Anglo African Agriculture plc                       +44 (0) 20 7440 0640     
                                                                                 
    David Lenigas, Non-Executive Chairman                                        
                                                                                 
    Rob Scott, Non-Executive Director                                            
                                                                                 
    VSA Capital Limited (Financial Adviser and          +44 (0) 20 3005 5000     
    Corporate Broker)                                                            
                                                                                 
    Andrew Raca