Sens Announcements – Details

Renewal Of Cautionary Announcement: Transactional Banking Facilities

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")

RENEWAL OF CAUTIONARY ANNOUNCEMENT: TRANSACTIONAL BANKING FACILITIES

Shareholders are referred to the cautionary announcement dated 16 February 2022, regarding the Company’s current bankers, Nedbank Limited (“Nedbank”) giving the Company notice to close its transactional banking facility with effect from 15 March 2022.

Shareholders are further advised that, the Company as a co-applicant, joined in launching an urgent interdict application with the Equality Court in respect of Nedbank's decision to close the Company's banking facilities. An interim-interim interdict was granted pending the outcome of the interdict hearing which was heard on 19 April 2022. As such the Company’s transactional banking facilities remain active.

Shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement is made.

Cape Town 18 May 2022

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 18-05-2022 04:25:00

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