Withdrawal of Transactional Banking Facilities at Major Subsidiary

Withdrawal of Transactional Banking Facilities at Major Subsidiary

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")

WITHDRAWAL OF TRANSACTIONAL BANKING FACILITIES AT MAJOR SUBSIDIARY

Shareholders of AEEI are advised that AYO Technology Solutions Limited
("AYO"), a major subsidiary of AEEI, released a cautionary
announcement on SENS on Thursday, 15 April 2021 regarding the notice
given by AYO's current bankers, First National Bank Limited ("FNB")
to close AYO's transactional banking facility with effect from 3 May
2021.

Shareholders are advised that the notice given by FNB only affects
AYO and such notice does not affect AEEI's transactional banking
facilities.

AEEI will keep shareholders updated of any further developments in
this regard.

Cape Town
16 April 2021

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

Date: 16-04-2021 05:30:00
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