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 the results of the voting at the annual general meeting
of the Company held at 08:00 today, Friday, 18 January 2019, at the AEEI Head Office, at
Quay 7, East Pier, V&A Waterfront, Cape Town (“AGM”), are as follows:

Votes
Votes for against
resolution resolution
as a as a Number of
percentage percentage shares Number of
of total of total voted at shares
number of number of AGM as a abstained as
Resolutions shares shares Number of percentage a percentage
proposed at the voted at voted at shares voted of shares in of shares in
AGM AGM AGM at AGM issue issue

Ordinary resolution
number 1: To
appoint the Withdrawn
following Director:
Abdul Malick Salie

Ordinary resolution
number 2: To
appoint the
following Director: 100 0 401 128 722 81.64 0
Ngoako Abel
Ramatlhodi

Ordinary resolution
number 3: To re-
elect the following
Director who retires 100 0 401 128 722 81.64 0
by rotation:
Vukile Charles
Mehana

Ordinary resolution
number 4: To re-
elect the following
Director who retires 100 0 401 128 722 81.64 0
by rotation:
Aziza Begum Amod

Ordinary resolution
number 5: To re- Withdrawn
elect the following
Director who retires
by rotation:
Takudzwa
Tanyaradzwa Hove

Ordinary resolution
number 6: To re-
elect the following
Director who retires Withdrawn
by rotation:
Zenariah Barends

Ordinary resolution
number 7: To re-
elect the following
Director who retires Withdrawn
by rotation:
Johannes Mihe
Gaomab

Ordinary resolution
number 8: To re-
appoint the
following member
of the audit and risk Withdrawn
committee:
Takudzwa
Tanyaradzwa Hove

Ordinary resolution
number 9: To re-
appoint the
following member 100 0 401 128 722 81.64 0
of the audit and risk
committee:
Aziza Begum Amod

Ordinary resolution
number 10: To re-
appoint the
following member
of the audit and risk Withdrawn
committee:
Johannes Mihe
Gaomab

Ordinary resolution
number 11: To re-
appoint the
following member
of the audit and risk 100 0 401 128 722 81.64 0
committee:
Ngoako Abel
Ramatlhodi

Ordinary resolution
number 12: The
appointment of 100 0 401 128 722 81.64 0
BDO Cape Inc. as
the independent
auditor of the
Company for the
ensuing year

Ordinary resolution
number 13: Control
of authorised but 100 0 401 128 722 81.64 0
unissued “B”
ordinary shares

Ordinary resolution
number 14:
Approval to issue
“B” ordinary shares 100 0 401 128 722 81.64 0
and/or options for
cash

Ordinary resolution
number 15: Non-
binding advisory
vote on the 100 0 401 128 722 81.64 0
Remuneration
policy of the
Company

Ordinary resolution
number 16: Non-
binding advisory
vote on the
Implementation of 100 0 401 128 722 81.64 0
the remuneration
policy of the
Company

Special resolution
number 1: To
approve the
remuneration of the 100 0 401 128 722 81.64 0
non-executive
Directors

Special resolution
number 2: To
approve inter- 100 0 401 128 722 81.64 0
company financial
assistance

Special resolution
number 3: To
approve financial
assistance for the
subscription or 100 0 401 128 722 81.64 0
purchase of shares
in the Company or
in a related or inter-
related company

Special resolution
number 4: Approval
for the Company or
its subsidiaries to 100 0 401 128 722 81.64 0
repurchase shares
of the Company

Note:
Total number of shares in issue as at the date of the AGM was 491 339 434.

CHANGES TO THE BOARD OF DIRECTORS

Messrs AM Salie, TT Hove, JM Gaomab and Ms Z Barends did not make themselves
available for re-election at the AGM and voluntary elected to step off the Board and
accordingly the requisite resolutions were withdrawn.

Furthermore, the Board wishes to advise that Ms CF Hendricks voluntary elected to step off
the Board as an executive director of the Company with immediate effect but will continue in
her role as an executive in the capacity of Corporate Affairs and Sustainability.

Accordingly, in compliance with paragraph 3.59(b) of the JSE Listings Requirements, the
Company advises that Messrs AM Salie, TT Hove, JM Gaomab, Ms Z Barends and Ms CF
Hendricks were not available for re-election to the Board (the Board) and are therefore no
longer directors to the Board with effect from 18 January 2019.

The Board wishes to thank Messrs Salie, Hove, Gaomab, Ms Barends and Ms Hendricks for
their tenure on the Board and its Committees. The Board wishes to take this opportunity of
wishing them all of the very best and success going forward.

The Board further advises that Mr Ismet Amod has been appointed to the Board of Directors
as an independent non-executive director effective 21 January 2019.

In addition, the Board further wishes to advise that Mr Ismet Amod has been appointed to the
Audit and Risk Committee effective 21 January 2019.

Cape Town
18 January 2019

Sponsor
PSG Capital

Date: 18/01/2019 03:00:00
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