Dealing In African Equity Empowerment Investments Limited Shares By Associates 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 ASSOCIATES OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: NAME OF DIRECTOR K Abdulla COMPANY OF WHICH I AM A African Equity Empowerment DIRECTOR Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTIONS 24 August 2017 (1) 25 August 2017 (2) 28 August 2017 (3) CENTS PER SHARE Low: 3,30 High: 3,90 VWAP: 3,54 NUMBER OF SECURITIES TRANSACTED 1 500 000 (1) 500 000 (2) 500 000 (3) TOTAL RAND VALUE OF SECURITIES R4 950 000.00 (1) R1 950 000.00 (2) R1 950 000.00 (3) NAME OF ASSOCIATES The Fisk Trust (1)&(2)&(3) Archird 28 (Propriety) Limited (3) RELATIONSHIP WITH DIRECTOR The director is a trustee of the associate (1)&(2)&(3) The director is a director and major shareholder of the associate(3) NATURE OF TRANSACTION Disposal of shares by an associate of director (1) (on market transaction), (2) & (3)(off-market transaction) Acquisition of shares by an associate of the director (3) NATURE AND EXTENT OF INTEREST Indirect beneficial(1)&(2)&(3) IN THE TRANSACTIONS CLEARANCE OBTAINED Yes In respect of transaction (1),(2) and (3), The Fisk Trust has disposed of a portion of its interest in the securities of the Company to settle financing commitments in terms of the The Fisk Trust’s and other funding agreements. In respect of transaction (3), the acquisition amounts to a restructuring of the interest held by the director and major shareholder of (3) from one associate to another. Cape Town 28 August 2017 Sponsor PSG Capital Date: 28/08/2017 03:00:00 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.