Sens Announcements – Details

Withdrawal of Transactional Banking Facilities at Major Subsidiary

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")

WITHDRAWAL OF TRANSACTIONAL BANKING FACILITIES AT MAJOR SUBSIDIARY

Shareholders of AEEI are advised that AYO Technology Solutions Limited (“AYO”), a major subsidiary of AEEI, released a cautionary announcement on SENS on Thursday, 15 April 2021 regarding the notice given by AYO’s current bankers, First National Bank Limited (“FNB”) to close AYO’s transactional banking facility with effect from 3 May 2021.

Shareholders are advised that the notice given by FNB only affects AYO and such notice does not affect AEEI’s transactional banking facilities.

AEEI will keep shareholders updated of any further developments in this regard.

Cape Town 16 April 2021

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 16-04-2021 05:30:00

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