SENS Announcements

Ayo Technology Solutions Limited Proposed Listing

AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share Code: AEE, ISIN ZAE000195731
(“AEEI” or “the Company”)

AYO TECHNOLOGY SOLUTIONS LIMITED PROPOSED LISTING

Shareholders are hereby advised that the board of AEEI has approved a proposal
to list its subsidiary, AYO Technology Solutions Limited (“AYO Technologies”)
on the main board of the JSE Limited, subject to market conditions.

AYO Technologies is an empowered ICT group, which has grown consistently
both organically and acquisitively, since its establishment in 1996. The
Company provides end-to-end technology solutions across multiple industries
to both the private and public sectors in South Africa and abroad. AYO
Technologies’ offering includes, inter alia, network services, collaboration
services, system integration, enterprise security management, managed LAN
and IPT services, audio technology, mobile solutions and strategic digital
services.

The Company is embarking on its next growth phase which was enhanced by
legislative changes within the South African market, specifically around
changes to the Broad Based Black Economic Empowerment Codes. AYO
Technologies’ relative empowerment position and competitiveness, in relation
to its competitors, has strengthened considerably and will facilitate further
growth.

A further announcement in relation to the timing of the proposed listing
will be released in due course.

Cape Town
20 October 2017

PSG Capital: Transaction Advisor and Sponsor
AEEI Corporate Advisory: Corporate Advisory
Grant Thornton: Independent Reporting Accountant and Auditor

Date: 20/10/2017 10:00:00
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