AEP ENERGY AFRICA LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

AEP Energy Africa Limited
Incorporated in the Republic of South Africa
(Registration number: 2017/024904/06)
JSE share code: AEY
ISIN: ZAE000241741
(“AEP” or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are advised that at the Annual General Meeting of AEP shareholders held today,
12 March 2018, the special and ordinary resolutions proposed thereat, were voted on as set out below.

The total number of AEP ordinary shares in issue is 5 255 480 shares of which 5 079 200 shares were voted
at the general meeting, representing 97%.

 Resolutions:                                                             Votes: For    Votes: Against
                                                                                % (1)             % (1)
 
 Ordinary resolution number 1:                                                100.00                  -
 Re-appointment of Deloitte as external auditors with Mandisi Mantyi
 as the individual designated auditor.

 Ordinary resolution number 2:
 Confirmation of the following directors’ appointments with effect
 from 5 July 2017:
 2.1 T Leeuw                                                                  100.00                  -
 2.2 MS Moloko                                                                100.00                  -
 2.3 O Peterson                                                               100.00                  -

 Ordinary resolution number 3:
 Re-election of the following directors:
 3.1 DW Wright                                                                100.00                  -
 3.2 SM David                                                                 100.00                  -
 3.3 CJ Cloete                                                                100.00                  -
 3.4 SS Sibiya                                                                100.00                  -
 3.5 MM Kekana                                                                100.00                  -
 3.6 N Gugushe                                                                100.00                  -
 3.7 E Kikonyogo                                                              100.00                  -
 3.8 K Simons                                                                 100.00                  -

 Ordinary resolution number 4:
 Election of the following directors to the Audit and Risk Committee:
 4.1 MM Kekana (Chairperson)                                                  100.00                  -
 4.2 SM David                                                                 100.00                  -
 4.3 CJ Cloete                                                                100.00                  -

 *Non-binding advisory vote number 5 – Endorsement of the:
 5.1 Remuneration Policy.                                                      49.30             50.70
 5.2 Implementation Report.                                                    49.30             50.70

 Special resolution number 1:                                                 100.00                  -
 Approval of the non-executive directors’ remuneration.

 Special resolution number 2:                                                 100.00                  -
 Approval of the general authority to provide financial assistance

Notes:
1. As a percentage of shares voted.
2. There were no abstentions.

Invitation to dissenting shareholders:

*The Remuneration Policy and the Implementation Report were voted against by shareholders exercising
25% or more of the voting rights exercised. AEP accordingly extends an invitation to such dissenting
shareholders to communicate with it in regard to their concerns in relation thereto by addressing an email to
the Remuneration Committee Chairman Silvanus David, at silvanus.david@gmail.com, and copying the
Chairman of the Board, Dave Wright, at dave.wright275@gmail.com, and submitting same to reach the
Company by no later than Friday, 13 April 2018.


Johannesburg
12 March 2018

Designated Advisor:
Questco Corporate Advisory Proprietary Limited

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