TRP121: Notification of changes of beneficial interest in securities AFRICAN & OVERSEAS ENTERPRISES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1947/027461/06) JSE share code: AOO ISIN: ZAE000000485 JSE share code: AON ISIN: ZAE000009718 JSE share code: AOVP ISIN: ZAE000000493 (“AOE”) TRP121: NOTIFICATION OF CHANGES OF BENEFICIAL INTEREST IN SECURITIES In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”) and Regulation 121(2)(b) of the Companies Act Regulations, 2011, shareholders are advised that AOE has received notification from: - Brimstone Investment Corporation Limited (“Brimstone”) of the disposal by Brimstone of AOE “N” ordinary shares, such that Brimstone now holds 25.02% (Twenty Five point Zero Two percent) of AOE’s issued “N” ordinary shares; - Lion of Africa Holdings Company (Pty) Ltd (“Lion of Africa Holdings”) (being a wholly owned subsidiary of Brimstone) of the acquisition of AOE “N” ordinary shares, such that Lion of Africa held 11.32% (Eleven point Three Two percent) of AOE’s issued “N” ordinary shares; - Lion of Africa Holdings of the disposal by Lion of Africa Holdings of AOE “N” ordinary shares, such that Lion of Africa Holdings now holds 0% (Zero percent) of AOE’s issued “N” ordinary shares; and - Lion of Africa Insurance Company Limited (“Lion of Africa”) (being a wholly owned subsidiary of Lion of Africa Holdings) of the acquisition of AOE “N” ordinary shares, such that Lion of Africa now holds 11.32% (Eleven point Three Two percent) of AOE’s issued “N” ordinary shares. 9 July 2014 Sponsor Java Capital Date: 09/07/2014 02:30:00 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.