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 accordance with paragraph 3.4(b) of the Listing Requirements of JSE Limited, a listed company is required to publish a trading statement as soon as they are reasonably certain that the financial results for the financial period to be reported on next will differ by at least 20% from those of the prior comparative period.

Accordingly, AEEI expects to report basic losses per share for the six months ended 28 February 2022 of between (22.48) and (24.94) cents per share, compared to basic losses per share of (12.33) cents reported on for the six months ended 28 February 2021.

AEEI also expects to report headline losses per share for the six months ended 28 February 2022 of between (13.39) and (14.71) cents per share, compared to headline losses per share of (6.64) cents per share reported on for the six months ended 28 February 2021.

The financial information on which this trading statement is based has not been reviewed or reported on by AEEI’s auditors. The Company’s financial results for the six months ended 28 February 2022 are expected to be released on SENS on or about 27 May 2022.

Cape Town 26 May 2022

Joint Sponsor Vunani Sponsors

Joint Sponsor Merchantec Capital

Date: 26-05-2022 04:30:00

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