Sens Announcements – Details

Trading Statement

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”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited (“JSE”), listed companies are required to publish a trading statement as soon as the board of directors of the Company is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will vary by 20% or more when compared to those of the corresponding prior reporting period.

Accordingly, the Company expects to report basic loss per share for the six month period ended 28 February 2021 of between 9.93 and 14.73 cents per share compared to earnings per share of 24.04 reported on for the six month period ended 29 February 2020.

The Company also expects to report a headline loss per share for the six month period ended 28 February 2021 of between 5.41 and 7.87 cents per share, compared to headline earnings per share of 12.30 cents per share reported on for the six month period ended 29 February 2020.

The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors.

AEEI is in the process of finalising its financial results for the six month period ended 28 February 2021, which is scheduled to be released on the Stock Exchange News Service of the JSE on or about 27 May 2021.

Cape Town 26 May 2021

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 26-05-2021 08:15:00

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