AEP ENERGY AFRICA LIMITED - Trading Statement

Trading Statement

AEP Energy Africa Limited
Incorporated in the Republic of South Africa
(Registration number: 2017/024904/06)
JSE share code: AEY ISIN: ZAE000241741
(“AEP” or “the Company”)

TRADING STATEMENT
In terms of the JSE Limited Listings Requirements companies are required to provide guidance to the
market when they are satisfied that a reasonable degree of certainty exists that the financial results for
the current reporting period will differ by at least 20% from the results of the corresponding reporting
period.

AEP remains a Special Purpose Acquisition Company (“SPAC”), and consequently does not have
operating income. Accordingly, AEP shareholders are advised that both the loss per share (“LPS”) and
headline loss per share (“HLPS”) are likely to be 235 cents per share. This represents a decreased loss
of 17 990 cents per share compared to the LPS and HLPS of 18 224 cents per share reported for the
year ended 30 June 2017.

The decreased LPS and HLPS can be attributed to the following:

•       an increase in the weighted average number of shares in issue as a result of the weighting
        being applicable for a 12-month period in the 2018 financial year as compared to an average
        5-month period in the 2017 financial year; and
•       the incurring of permissible expenditure in respect of a full 12 months in the 2018 financial year
        as compared to a 5-month period in respect of the 2017 financial year.

The financial information on which this trading statement is based has not been reviewed and/or
reported on by the Company’s external auditors.

Johannesburg
14 September 2018

Designated Advisor
Questco Corporate Advisory Proprietary Limited

Date: 14/09/2018 04:49:00 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.