Correction to Notice of Annual General Meeting 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”) CORRECTION TO NOTICE OF ANNUAL GENERAL MEETING The Company refers to the SENS announcement dated Friday 14 December 2018 with regard to the annual general meeting of the Company and wishes to note that the information contained in the SENS announcement is correct. However, the Company would like to correct two typographical errors on page 8 of the notice of annual general meeting. In line with the abovementioned SENS announcement, shareholders are advised that the date on which shareholders must be recorded in the share register for purposes of being entitled to attend and vote at the annual general meeting is Friday, 11 January 2019 and not Wednesday, 16 January 2019. In addition, forms of proxy are to be received by the Company’s transfer secretaries by no later than Wednesday, 16 January 2019 and not by Friday, 11 January 2019, provided that any form of proxy not delivered to the transfer secretaries by this time may be handed to the chairman of the annual general meeting prior to the commencement of the annual general meeting, at any time. All other information remains unchanged. The Company wishes to apologise for any inconvenience that this may have caused. Cape Town 28 December 2018 Sponsor PSG Capital Date: 28/12/2018 02:00:00 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.