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")


Shareholders of AEEI are advised that AYO Technology Solutions Limited (“AYO”), a major subsidiary of AEEI, released an announcement on SENS on Friday, 30 April 2021 regarding:

• AYO’s application for an urgent interdict against FNB, pending the hearing of its main application, being struck off the roll for lack of urgency; • The alternative third-party payment solutions AYO has put in place which will ensure continuity of its business; and • The withdrawal of the cautionary AYO was previously trading under.

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

Cape Town 3 May 2021

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 03-05-2021 01:10:00

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