Sens Announcements – Details

Withdrawal of Cautionary Announcement

AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: AEE ISIN: ZAE000195731 ("the Company")

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement dated 1 October 2020 and the subsequent renewals of such cautionary announcements, the last of which was dated 6 December 2021 regarding the proposed Broad-Based Black Economic Empowerment transaction to be implemented at Premier Fishing SA Proprietary Limited (“PFSA”), a wholly owned subsidiary of Premier Fishing and Brands Limited (“PFB”) (“BEE Transaction”).

Shareholders are advised that negotiations regarding the BEE Transaction have been terminated due to complexities regarding the implementation of such transaction and hence the cautionary announcement relating to the BEE Transaction is hereby withdrawn.

Cape Town 17 December 2021

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 17-12-2021 07:30:00

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