Sens Announcements – Details

Renewal of Cautionary Announcement

AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: AEE ISIN: ZAE000195731 ("the Company")

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement dated 1 October 2020 and the subsequent renewal of such cautionary announcement dated 12 November 2020 regarding the proposed broad-based black economic empowerment transaction (“the Transaction”) to be implemented at Premier Fishing SA Proprietary Limited, a wholly owned subsidiary of Premier Fishing and Brands Limited.

Shareholders are advised that negotiations in respect of the Transaction are still ongoing and accordingly are advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made.

Cape Town 28 December 2020

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 28-12-2020 01:30:00

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