AFRICAN PHOENIX INVESTMENTS LIMITED - Dealings in Securities by an Associate of a Director

Dealings in Securities by an Associate of a Director

African Phoenix Investments Limited
Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
Ordinary share code: AXL ISIN: ZAE000221370
(“African Phoenix” or “the Company”)


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following is disclosed:

Name of director:                        Mr W Chapman
Company:                                 African Phoenix Investments Limited
Name of associate:                       Ancilla Capital Proprietary Limited (“Ancilla”)
Relationship of associate to director:   Mr W Chapman is a director and indirect shareholder of Ancilla
Class of securities:                     A ordinary shares
Nature of transaction:                   On-market purchase of A ordinary shares
Extent of directors’ interest:           Indirect beneficial

Date of transaction:                     24 March 2020
Price per security:                      38 cents
Number of securities:                    40 820 000
Total value:                             R15 511 600.00

Date of transaction:                     25 March 2020
Price per security:                      38 cents
Number of securities:                    152 116 914
Total value:                             R57 804 427.00



Johannesburg
26 March 2020

Sponsor
Merchantec Capital

Date: 26-03-2020 09:00:00
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.