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
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.