AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Renewal Of Cautionary Announcement Bt Call Option

Renewal Of Cautionary Announcement – Bt Call Option

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")


RENEWAL OF CAUTIONARY ANNOUNCEMENT – BT CALL OPTION

Shareholders are referred to the cautionary announcement dated
4 June 2021 and the subsequent renewals thereof, the last of which
was dated 3 January 2023 regarding a determination on whether the
British Telecommunications South AfricaProprietary Limited (“BTSA”)
Call Option (“BT Call Option”) was validly exercised. AEEI had informed
BTSA that the call option is notcapable of being exercised.

AEEI and BTSA are dealing with the BT Call Option dispute in accordance
with the provisions of the Shareholders Agreement. Shareholders are
therefore advised to continue to exercise caution when dealing in the
Company’s securities until further announcements in respect of the BT
Call Option are made.


Cape Town
14 February 2023

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

Date: 14-02-2023 10:00:00
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