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 JSE Listings Requirements, listed companies are required to publish a trading statement as soon as the board of directors 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 year ending 31 August 2021 between 23.67 and 24.06 cents, compared to a profit per share of 1.93 cents reported on for the year ended 31 August 2020.

The Company also expects to report a headline loss per share for the year ending 31 August 2021 between 22.68 and 22.87 cents, compared to headline earnings per share of 0.94 cents reported on for the year ended 31 August 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 year ended 31 August 2021, which is scheduled to be released on the Stock Exchange News Service of the JSE Limited on or about 30 November 2021.

Cape Town 29 November 2021

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 29-11-2021 05:45:00

Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.