Results Of The Annual General Meeting African Equity Empowerment Investments Limited (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: AEE ISIN: ZAE0000195731 ("AEEI" or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held yesterday, 25 February 2016 at AEEI head office at Premier Fish, Quay 7, East Pier, Victoria & Alfred Waterfront, Cape Town, Western Cape (“AGM”), all of the resolutions were passed by the requisite majority of the AEEI shareholders. The detailed voting results of the AGM are set out below: Votes for Votes Number of Number of Shares resolution against shares shares voted abstained as a (%) * resolution voted at at the AGM as percentage (%) (%) * the AGM a percentage of shares in (%) of shares issue in issue Ordinary Resolution Number 1: To re-elect the 100 - 405 440 341 82.52 - following Director who retire by rotation: Khalid Abdulla Ordinary Resolution Number 2: To re-elect the 100 - 405 440 341 82.52 - following Director who retire by rotation: Cherie Felicity Hendricks Ordinary Resolution Number 3: To re-elect the 100 - 405 440 341 82.52 - following Director who retire by rotation: Chantelle Ah Sing Ordinary Resolution Number 4: To re-elect the 100 - 405 440 341 82.52 - following Director who retire by rotation: Vukile Charles Mehana Ordinary Resolution Number 5: To re-elect the 100 - 405 440 341 82.52 - following Director who retire by rotation: Salim Young Ordinary Resolution Number 6: To re-elect the 100 - 405 440 341 82.52 - following Director who retire by rotation: Johannes Mihe Gaomab Ordinary Resolution Number 7: To re-elect the 100 - 405 440 341 82.52 - following Director who retire by rotation: Aziza Begum Amod Ordinary Resolution Number 8: To re-elect the 100 - 405 440 341 82.52 - following Director who retire by rotation: Takudzwa Tanyaradzwa Hove Ordinary Resolution Number 9: To-elect the 100 - 405 440 341 82.52 - following Director: Zenariah Barends Ordinary Resolution Number 10: To re-appoint the 100 - 405 440 341 82.52 - following member of the audit and risk committee: Salim Young Ordinary Resolution Number 11: To re-appoint the 100 - 405 440 341 82.52 - following member of the audit and risk committee: Johannes Mihe Gaomab Ordinary Resolution Number 12: To re-appoint the 100 - 405 440 341 82.52 - following member of the audit and risk committee: Vukile Charles Mehana Ordinary Resolution number 13: Appointment of 100 - 405 440 341 82.52 - member of the audit and risk Committee: Takudzwa Tanyaradzwa Hove Ordinary Resolution Number 14: Re-appointment of 100 - 405 440 341 82.52 - Grant Thornton Cape Inc. as the independent auditor of the Company for the ensuing year Ordinary Resolution number 15: Control of 100 - 405 440 341 82.52 - authorised but unissued “B” ordinary shares Ordinary Resolution Number 16: Approval to issue 99.99 0.01 405 410 341 82.51 - “B” ordinary shares and/or options for cash Ordinary Resolution Number 17: Remuneration Policy 100 - 405 440 341 82.52 - Ordinary Resolution Number 18: Signature of 100 - 405 440 341 82.52 - documents Special Resolution Number 1: To approve the 100 - 405 440 341 82.52 - remuneration of the non-executive Directors Special Resolution Number 2: To approve 100 - 405 440 341 82.52 - intercompany financial assistance Special Resolution Number 3: To approve financial 100 - 405 440 341 82.52 - assistance for the subscription or purchase of shares in the Company or in a related or inter- related company Special Resolution Number 4: Approval for the 100 - 405 440 341 82.52 - Company or its subsidiaries to repurchase shares of the Company Note * - In relation to the total number of shares voted at the AGM Cape Town 26 February 2016 Sponsor PSG Capital Proprietary Limited Date: 26/02/2016 10:10:00 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.