AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Cautionary Announcement - Update

Cautionary Announcement - Update

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")

CAUTIONARY ANNOUNCEMENT - UPDATE
Shareholders are referred to the cautionary announcement released on
SENS on 4 June 2021 and using the definitions therein are advised that
following a determination on whether the BT Call Option was validly
exercised, AEEI has informed BT that the call option is not capable
of being exercised.

AEEI will deal directly with the board of directors of BTSA and with
BT to resolve the issue of the BT Call Option. 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
17 June 2021

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

Date: 17-06-2021 05:30:00
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