AFRICAN AND OVERSEAS ENTERPRISES LD - Changes to the board of directors

Changes to the board of directors

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”or “the company”)


CHANGES TO THE BOARD OF DIRECTORS


Shareholders are advised that the employment contract for Patricia Shub expired on 28 February 2015. Shareholders
are further advised that it was confirmed at a meeting of the board of directors of the company held on 5 March 2015
that such employment contract will not be renewed and that Patricia Shub be re-categorised as a non-executive
director of the company. Accordingly, Patricia has ceased to be the chief executive officer of the company with
effect from 1 March 2015, but will remain on the board of directors of the company as a non-executive director.

Catherine Radowsky, being an executive director of the company, was appointed by the board of directors of the
company as its chief executive officer with effect from 5 March 2015.

6 March 2015


Sponsor
Java Capital

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