AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: AEE ISIN: ZAE000195731 ("the Company") WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement dated 5 August 2022 regarding discussions relating to a potential disposal. The Company hereby advises that the abovementioned negotiations have been terminated and accordingly, caution is no longer required to be exercised when dealing in the Company’s securities. Cape Town 25 August 2022 Joint Sponsor Vunani Sponsors Joint Sponsor Merchantec Capital