SENS Announcements

Results Of The Annual General Meeting

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”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that all of the ordinary and special resolutions tabled at the
annual general meeting of the Company held yesterday, 21 February 2018 at AEEI’s head office at,
Quay 7, East Pier, V&A Waterfront, Cape Town, Western Cape (“AGM”), were passed by the requisite
majority, with the exception of ordinary resolutions number’s 2 and 7 which were withdrawn prior to
the AGM. All of the resolutions were passed by the requisite majority of the AEEI shareholders. The
detailed voting results of the AGM are set out below

Votes for Votes Number of Number of Shares
resolution against shares voted shares abstained as a
as a resolution at the AGM voted at percentage (%)
percentage as a the AGM as of shares in
of total percentage a issue
number of of total percentage
shares number of (%) of
voted at shares shares in
AGM(%) voted at issue
AGM(%)

Ordinary Resolution
Number 1: 100 0 382 088 489 77.76 0.06
To re-elect the
following Director
who retires by
rotation:
Reverend Dr VC
Mehana

Ordinary Resolution
Number 2: Withdrawn
To re-elect the
following Director
who retires by
rotation:
Mr S Young

Ordinary Resolution
Number 3: 100 0 379 962 409 77.33 0.06
To re-elect the
following Director
who retires by
rotation:
Mr JM Gaomab

Ordinary Resolution
Number 4: 100 0 379 962 409 77.33 0.06
To re-elect the
following Director
who retires by
rotation:
Mrs AB Amod

Ordinary Resolution
Number 5: 100 0 379 962 409 77.33 0.06
To re-elect the
following Director
who retires by
rotation:
Mr TT Hove

Ordinary Resolution
Number 6: 100 0 379 962 409 77.33 0.06
To re-elect the
following Director
who retires by
rotation:
Ms Z Barends

Ordinary Resolution
Number 7: Withdrawn
To re-appoint the
following member of
the audit and risk
committee:
Mr S Young

Ordinary Resolution
Number 8: 100 0 379 962 409 77.33 0.06
To re-appoint the
following member of
the audit and risk
committee:
Mr JM Gaomab

Ordinary Resolution
Number 9: 100 0 379 962 409 77.33 0.06
To re-appoint the
following member of
the audit and risk
committee:
Mr TT Hove

Ordinary Resolution
Number 10: 100 0 379 962 409 77.33 0.06
Re-appointment of
Grant Thornton Cape
Inc. as the
independent auditor
of the Company

Ordinary Resolution
Number 11: 100 0 379 962 409 77.33 0.06
Control of
authorised but
unissued “B”
ordinary shares

Ordinary Resolution
Number 12: 99.99 0.01 382 088 409 77.33 0.06
Approval to issue
“B” ordinary shares
and/or options for
cash

Ordinary Resolution
Number 13: 100 0 379 962 409 77.33 0.06
Non-Binding Advisory
Vote on the
Remuneration Policy
of the Company

Ordinary Resolution
Number 14: 100 0 379 962 409 77.33 0.06
Non-Binding Advisory
Vote on the
Implementation of
the Remuneration
Policy of the
Company

Special Resolution
Number 1: 100 0 379 962 409 77.33 0.06
To approve the
remuneration of the
non-executive
Directors

Special Resolution
Number 2: 100 0 379 962 409 77.33 0.06
To approve
intercompany
financial assistance

Special Resolution
Number 3: 100 0 379 962 409 77.33 0.06
To approve financial
assistance for the
subscription or
purchase of shares
in the Company or in
a related or inter-
related company

Special Resolution
Number 4: 100 0 379 962 409 77.33 0.06
Approval for the
Company or its
subsidiaries to
repurchase shares of
the Company

CHANGES TO THE BOARD OF DIRECTORS

Mr Young did not make himself available for re-election at the AGM and voluntary elected to
step off the Board to focus on his duties as the independent non-executive Chairman of AYO
Technology Solutions Limited (AYO) and accordingly the requisite resolutions were withdrawn.

Accordingly, in compliance with paragraph 3.59(b) of the JSE Listings Requirements, the
Company advises that Mr S Young was not available for re-election to the board (“the Board”)
and is therefore no longer a director to the Board with effect from 21 February 2018.

The Board wishes to thank Mr Young for his 13-year tenure as an independent non-executive
director, Lead Deputy Chairman and Chairman of the Audit and Risk as well as the Remuneration
Committees. The Board wishes to take this opportunity to wish Mr Young all of the very best
and success in his new role as independent non-executive chairman of AYO.

In addition, the Board further wishes to advise that Mrs AB Amod has been appointed to the
Audit and Risk Committee with immediate effect.

The Board further advises that Mr Abdul Malick Salie has been appointed to the Board of
Directors as an executive director in the capacity of Chief Investment Officer with immediate
effect.

Cape Town
22 February 2018

Sponsor
PSG Capital Proprietary Limited

Date: 22/02/2018 04:45:00
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