Sens Announcements – Details

Change to the Board of Directors

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”)

CHANGE TO THE BOARD OF DIRECTORS

In accordance with paragraph 3.59 of the JSE Listings Requirements, shareholders are hereby advised that Ismet Amod (“Mr Amod”) has resigned as a non-executive director of the Company with effect from 31 March 2021.

The Board of directors of AEEI (“the Board”) are happy to note that Mr Amod has taken up another role within the group as an Executive Director heading up the Health Technology division within our associate company, AYO Technology Solutions Limited.

The Board wishes to thank Mr Amod for his services as he resigns as a non-executive director, Chairman of the Social, Ethics and Transformation committee and member of the Remuneration committee, Nominations committee and Audit and Risk committee.

The Board would like to take this opportunity to wish Mr Amod all the very best and success going forward in his new role.

Cape Town 31 March 2021

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 31-03-2021 05:00:00

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