Advance Frontier Markets Fund Ltd

Appointment of non-executive director

The Board of Advance Frontier Markets Fund Ltd ("the Company") is pleased to announce the appointment of Mr John Whittle as a non-executive director of the Company with effect from 1 February 2012. 

John Richard Whittle (56) is a resident of Guernsey. He is a Chartered Accountant and was until recently Finance Director of Close Fund Services where he successfully initiated a restructuring of client financial reporting services and was a key member of the business transition team. He was at Price Waterhouse in London before embarking on a career in business services, predominantly in telecoms. He co-led the business turnaround of Talkland International (now Vodafone Retail). He is a non-executive director of International Public Partnerships Limited, Aurora Russia Limited, India Capital Growth Fund Limited and a number of other companies.

Enquiries:                                                                                        

Advance Emerging Capital Limited (Investment Manager to Advance Frontier Markets Fund Limited)

Dr Slim Feriani               Tel: +44 (0)20 7016 0030                       

Email: sferiani@advance-emerging.com

Grant Thornton Corporate Finance (Nominated Adviser)

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

Numis Securities Limited (Nominated Broker)

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

APPENDIX

John Whittle

Current Directorships (other than the Company) - incorporated in Guernsey unless otherwise stated:

Aurora Russia Limited

Avoca Senior Loans Europe Limited

B & Q Retail (Guernsey) Limited

B & Q Retail (Jersey) Limited (incorporated in Jersey)

CPL Guernsey Limited

CPL GP Limited

EMP Europe (CI) Limited

GC Dynamic Investments ICC Limited

Dynamic Fund IC Limited

India Capital Growth Fund Limited

International Public Partnerships Limited

Merchant Financing Funds ICC Limited (incorporated in Jersey)

The Merchant Gemini Turnaround Fund IC Limited (incorporated in Jersey)

Merchant Asset Management (Guernsey) Limited

Mid Europa III Management Limited

Perusa Partners Management Limited

Pont du Val Limited

Saunderton Data Centre GP Limited

Sciens Global Strategic Fund Limited (incorporated in the Cayman Islands)

Sciens Acqua Master Fund Limited (incorporated in the Cayman Islands)

Steadfast Capital III (GP) Limited

The IPM renewable Energy Fund ICC Limited

The Solar Park Fund (GBP) IC Limited

The Offshore Mutual Fund PCC Limited

Guernsey International Management Company Limited

The Sustainable Forestry ICC Limited (dormant)

Sustainable Agroforestry IC Limited (dormant)

Sustainable Red IC Limited (dormant)

Sustainable Teak and Agarwood IC Limited (dormant)

Other directorships held within the past 5 years:

Aurora II GP Limited

Blue Skye GP Limited

Close Fund Services Limited

GS High Frequency IC Limited

GS Volatility Strategy IC Limited

Legion International Limited

MSS UK Property Index Fund Management Limited

There is no further information to be disclosed under Schedule Two, paragraph (g) of the AIM Rules.

24 January 2012

END    

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