Trading Staetement AFRICAN & OVERSEAS ENTERPRISES LIMITED (Incorporated in the Republic of South Africa) Registration number 1947/027461/06 Share code: AOO ISIN: ZAE000000485 Share code: AON ISIN: ZAE000009718 Share code: AOVP ISIN: ZAE000000493 “AOE” or “the company” TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will differ by more than 20% from those of the previous corresponding period. Shareholders were advised via SENS announcements on 16 November 2011 and 23 February 2012, and in the company’s interim report issued on 9 March 2012, regarding the prospects of the group for the 2012 financial year. A further SENS announcement issued on 5 June 2012 advised shareholders that headline earnings per share and earnings per share for the twelve month period ending on 30 June 2012 would be at least 25% lower than for the twelve months ending 30 June 2011. Shareholders are now further advised that headline earnings per share and earnings per share for the twelve month period ending on 30 June 2012 will be at least 35% lower than for the twelve months ending 30 June 2011. The company is not able, at this stage, to determine with a reasonable degree of certainty by what percentage the results for the twelve months ending 30 June 2012 will be lower than the previous corresponding period. This trading statement will be updated as soon as a reasonable degree of certainty is obtained. The above information has not been reviewed or reported on by AOE’s external auditors. 8 August 2012 Sponsor Java Capital Date: 08/08/2012 02:40:00 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.