General SENS Submitter Company - Index Change Advice 20230726 African Equity Empowerment Investments - Unbundling of shareholding in AYO Technology

Index Change Advice – 20230726 African Equity Empowerment Investments - Unbundling of shareholding in AYO Technology

                                                                                                                               CORPORATE

African Equity Empowerment Investments (South Africa): Unbundling of
       shareholding in AYO Technology Solutions (South Africa)
                     FTSE/JSE Africa Index Series

                                                         21 July 2023
 Subject to the completion of the unbundling of shares in AYO Technology Solutions (South Africa,
 constituent) to shareholders of African Equity Empowerment Investments (South Africa, constituent),
 and following notification from the Stock Exchange, please see details of affected indexes and effective
 dates below:


                                                                                                             Effective From
                   Index                                              Change
                                                                                                            Start of Trading
 FTSE/JSE Fledgling Index (J204)                 AYO Technology Solutions (South Africa, 26 July 2023
                                                 ZAE000252441, BFNWHG2) will remain
                                                 in the index with an unchanged shares
                                                 in issue total of 344,125,194 and an
                                                 increased investability weighting from
                                                 49.767099877029% to
                                                 59.834196739747%*.

                                                 African Equity Empowerment
                                                 Investments (South Africa,
                                                 ZAE000195731, BSS7HS5) will remain
                                                 in the index with an unchanged shares
                                                 in issue total of 491,022,434 and an
                                                 unchanged investability weighting of
                                                 20.38999994041%.




 * The investability weighting update is based on the unbundling terms of 1 AYO Technology Solutions
 share for every 2.89 African Equity Empowerment Investments shares held.

 Effective Wednesday 26 July 2023:
 A capital repayment will be applied to African Equity Empowerment Investments to reflect the value of
 the unbundling.



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Date: 21-07-2023 05:45:00
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