AEP ENERGY AFRICA LIMITED - Changes to the Board of Directors

Changes to the Board of Directors

AEP Energy Africa Limited
Incorporated in the Republic of South Africa
(Registration number: 2017/024904/06)
JSE share code: AEY ISIN: ZAE000241741
(“AEP” or “the Company”)


CHANGES TO THE BOARD OF DIRECTORS


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are
advised that Messrs Thabo Leeuw, Sello Moloko and Oliver Petersen have been appointed to the board
of directors of AEP (“Board”) as non-executive directors with immediate effect.


–   Mr Thabo Leeuw holds a B.Com (Accounting) degree from the University of Zululand, a B.Compt
    Honours from UNISA and has completed a Management Advanced Program at Wits Business
    School. He is the Managing Director and co-founder of the Thesele Group and has more than
    27 years’ experience in the Food & Beverages, Petrochemicals, ICT and Financial Services
    sectors. He is former global director at Cazenove PLC and director of Corporate Finance in South
    Africa. Thabo serves on the boards of a number of JSE-listed companies.


–   Mr Sello Moloko holds a B.Sc Honours (Mathematics) and a Post Graduate Certificate in Education
    from the University of Leicester. He completed the Advanced Management Program at the
    Wharton School – University of Pennsylvania. Sello is the Executive Chairman and co-founder of
    Thesele Group. As a result of his career spanning 24 years, he possesses a wealth of experience
    in financial services. He is the former CEO of Old Mutual Asset Managers and former deputy CEO
    of Capital Alliance Asset Managers. Sello serves on the boards of a number of JSE-listed
    companies.


–   Mr Oliver Petersen holds a B.Com (Financial Accounting), a B.Com Honours (Accounting
    Sciences), and a Certificate in the Theory of Accountancy – all from the University of Pretoria. He
    also holds the EVCA Certificate in Institutional Private Equity Investing through the Said Business
    School – University of Oxford. He is a member of the South African Institute of Chartered
    Accountants. Oliver joined Thesele as a Senior Executive in November 2015. In his 13-year career
    post articles at PwC, he has held various Associate and Executive roles in Banking, Corporate
    Finance and Private Equity.


The Board welcomes Thabo, Sello and Oliver and looks forward to their contributions to the Company.


Johannesburg
5 July 2017


Designated Advisor
Questco Proprietary Limited

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