AEP ENERGY AFRICA LIMITED - Change in function of Directors

Change in function 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”)

CHANGE IN FUNCTION OF DIRECTORS

Shareholders are referred to the announcement released on SENS on Monday, 4 September 2017
pertaining to the resignation of Ms Erica Johnson (“Erica”) and are advised that, as a result thereof,
additional changes in the function of certain members of the board are required.


In compliance with paragraph 3.59(c) of the Listings Requirements of the JSE Limited, shareholders
are advised of the following changes in function, which are effective immediately:
•   Ms Meriam Kekana (independent non-executive director) has been appointed to chair the Audit
    and Risk Committee. She steps down as the chair of the Social and Ethics Committee, but still
    remains a member of the committee;
•   Ms Carla Cloete (independent non-executive director) has been appointed as the chair of the
    Social and Ethics Committee, as well as a member of the Audit and Risk Committee. She steps
    down as a member of the Nominations and Remuneration Committee;
•   Mr Sello Moloko has replaced Erica as a member of the Investment Committee: and
•   Mr Thabo Leeuw and Mr Oliver Petersen have been appointed to the Nomination and
    Remuneration Committee.


Following the above director function changes, the sub-committees of the Board of Directors of AEP
comprise the following individuals:

Remuneration and Nomination Committee:
•   Silvanus David (Chair of the remuneration function);
•   David Wright (Chair of the nomination function);
•   Thabo Leeuw; and
•   Oliver Petersen.


Audit & Risk Committee:
•   Meriam Kekana (Chair);
•   Silvanus David; and
•   Carla Cloete.

Investment Committee:
•   Sifiso Sibiya (Chair);
•   Sello Moloko; and
•   David Wright.

Social and Ethics Committee:
•   Carla Cloete (Chair);
•   Sifiso Sibiya; and
•   Meriam Kekana.

In addition to the above, Mr. Silvanus David (independent non-executive director) has been appointed
as the lead independent director of the Company with immediate effect in compliance with the King IV
Report on Corporate Governance for South Africa 2016.

Johannesburg
6 September 2017

Designated Advisor
Questco Corporate Advisory Proprietary Limited

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