Ayo Technology Solutions Limited Proposed Listing 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”) AYO TECHNOLOGY SOLUTIONS LIMITED PROPOSED LISTING Shareholders are hereby advised that the board of AEEI has approved a proposal to list its subsidiary, AYO Technology Solutions Limited (“AYO Technologies”) on the main board of the JSE Limited, subject to market conditions. AYO Technologies is an empowered ICT group, which has grown consistently both organically and acquisitively, since its establishment in 1996. The Company provides end-to-end technology solutions across multiple industries to both the private and public sectors in South Africa and abroad. AYO Technologies’ offering includes, inter alia, network services, collaboration services, system integration, enterprise security management, managed LAN and IPT services, audio technology, mobile solutions and strategic digital services. The Company is embarking on its next growth phase which was enhanced by legislative changes within the South African market, specifically around changes to the Broad Based Black Economic Empowerment Codes. AYO Technologies’ relative empowerment position and competitiveness, in relation to its competitors, has strengthened considerably and will facilitate further growth. A further announcement in relation to the timing of the proposed listing will be released in due course. Cape Town 20 October 2017 PSG Capital: Transaction Advisor and Sponsor AEEI Corporate Advisory: Corporate Advisory Grant Thornton: Independent Reporting Accountant and Auditor Date: 20/10/2017 10:00:00 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.