TRP121: Notification of changes of beneficial interests in securities AFRICAN AND OVERSEAS ENTERPRISES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1947/027461/06) JSE share code: AOO ISIN: ZAE000000485 JSE share code: AON ISIN: ZAE000009718 JSE share code: AOVP ISIN: ZAE000000493 (“AOE”) TRP121: NOTIFICATION OF CHANGES OF BENEFICIAL INTERESTS IN SECURITIES In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”), Regulation 121(2)(b) of the Companies Act Regulations, 2011 and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are advised that AOE has received notifications from: - The Stewart and Pat Shub Family Trust (“the Trust”) of its disposal of AOE ordinary shares, such that the Trust now holds 0% of AOE’s issued ordinary shares; - The Trust of its disposal of AOE “N” ordinary shares, such that the Trust now holds 0.99% of AOE’s issued “N” ordinary shares; and - Geomer Investments Proprietary Limited (“Geomer Investments”) of its acquisition of AOE “N” ordinary shares and ordinary shares, such that Geomer Investments now holds 34% of AOE’s issued “N” ordinary shares and 72% of AOE’s issued ordinary shares. As required in terms of section 122(3)(a) of the Companies Act, AOE has filed the notifications with the Takeover Regulation Panel. 18 August 2017 Sponsor Java Capital Date: 18/08/2017 04:20:00 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.