AFRICAN PHOENIX INVESTMENTS LIMITED - Withdrawal of Cautionary

Withdrawal of Cautionary

AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
Ordinary share code: AXL       ISIN: ZAE000221370
Hybrid instrument code: AXLP      ISIN: ZAE000221388
(“Phoenix” or “the Company”)


WITHDRAWAL OF CAUTIONARY


Shareholders are referred to the cautionary announcement dated 7 March 2017 and are advised that as
negotiations in respect of a possible acquisition have been terminated, caution is no longer required to be
exercised by shareholders when dealing in the Company’s securities.

Johannesburg
12 April 2017

Sponsor
Merchantec Capital

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