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: ZAE000195731 ("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, 23 February 2017 at AEEI’s head office at Premier Fishing, Quay 7, East Pier, V&A 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 voted shares abstained as a as a resolution at the AGM voted at percentage (%) percentage as a the AGM as of shares in of total percentage a issue number of of total percentage shares number of (%) of voted at shares shares in AGM(%) voted at issue AGM(%) Ordinary Resolution Number 1: To re-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Mr K Abdulla Ordinary Resolution Number 2: To re-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Miss CF Hendricks Ordinary Resolution Number 3: To re-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Miss C Ah Sing Ordinary Resolution Number 4: To re-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Prof VC Mehana Ordinary Resolution Number 5: To re-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Mr S Young Ordinary Resolution Number 6: To re-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Mr JM Gaomab Ordinary Resolution Number 7: To re-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Mrs AB Amod Ordinary Resolution Number 8: To re-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Mr TT Hove Ordinary Resolution Number 9: To-elect the 100 - 421 074 663 85.70 0.01 following Director who retires by rotation: Ms Z Barends Ordinary Resolution Number 10: To re-appoint the 100 - 421 074 663 85.70 0.01 following member of the audit and risk committee: Mr S Young Ordinary Resolution Number 11: To re-appoint the 100 - 421 074 663 85.70 0.01 following member of the audit and risk committee: Mr JM Gaomab Ordinary Resolution Number 12: To re-appoint the 100 - 421 074 663 85.70 0.01 following member of the audit and risk committee: Prof VC Mehana Ordinary Resolution Number 13: Appointment of 100 - 421 074 663 85.70 0.01 member of the audit and risk Committee: Mr TT Hove Ordinary Resolution Number 14: Re-appointment of 100 - 421 074 663 85.70 - Grant Thornton Cape Inc. as the independent auditor of the Company Ordinary Resolution Number 15: Control of 100 - 421 074 663 85.70 - authorised but unissued “B” ordinary shares Ordinary Resolution Number 16: Approval to issue 100 - 421 074 663 85.70 - “B” ordinary shares and/or options for cash Ordinary Resolution Number 17: Remuneration Policy 100 - 421 074 663 85.70 - Special Resolution Number 1: To approve the 100 - 421 074 663 85.70 - remuneration of the non-executive Directors Special Resolution Number 2: To approve 100 - 421 074 663 85.70% - intercompany financial assistance Special Resolution Number 3: To approve financial 100 - 421 074 663 85.70 - 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 - 421 074 663 85.70 - Company or its subsidiaries to repurchase shares of the Company Special Resolution Number 5: Amendment to the Memorandum of 100 - 421 074 663 85.70 - Incorporation of the Company in relation to fractions Cape Town 24 February 2017 Sponsor PSG Capital Proprietary Limited Date: 24/02/2017 09:02:00 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.