Renewal Of Cautionary Announcement: Transactional Banking Facilities

(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
(‘AEEI’ or ‘the Company’)


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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