Dealing In African Equity Empowerment Investments Limited Shares By An Associate Of A Director African Equity Empowerment Investments Limited (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: AEE ISIN: ZAE000195731 ("AEEI" or “the Company”) DEALING IN AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED SHARES BY AN ASSOCIATE OF A DIRECTOR With reference to the above, the following information is accordingly disclosed in compliance with rules 3.63 to 3.74 of the JSE Limited’s Listings Requirements: NAME OF DIRECTOR K Abdulla COMPANY OF WHICH I AM A DIRECTOR African Equity Empowerment Investments Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 17 February 2017 PRICE PER SHARE R3.50 NUMBER OF SECURITIES TRANSACTED 5 000 000 TOTAL RAND VALUE OF SECURITIES R17 500 000.00 NAME OF ASSOCIATE K2011146299 (South Africa) Proprietary Limited (“K2011146299”) RELATIONSHIP WITH DIRECTOR The Fisk Trust (an associate of Mr Abdulla) is the majority shareholder of K2011146299. NATURE OF TRANSACTION Purchase (Off-market transaction) NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION CLEARANCE OBTAINED Yes Cape Town 20 February 2017 Sponsor PSG Capital Date: 20/02/2017 10:00:00 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.