AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Update In Relation To The Dilution By AEEI And Subscription By AYO Of The Interest In BT Communications

Update In Relation To The Dilution By AEEI And Subscription By AYO Of The Interest In BT Communications

AFRICAN EQUITY EMPOWERMENT
INVESTMENTS LIMITED
(Incorporated in the Republic of South
Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
("AEEI")

AYO TECHNOLOGY SOLUTIONS LIMITED
(Previously Sekunjalo Technology Solutions
Limited Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1996/014461/06)
Share code: AYO
ISIN: ZAE000252441
(“AYO Technology”)

UPDATE IN RELATION TO THE DILUTION BY AEEI AND SUBSCRIPTION BY AYO OF THE
INTEREST IN BT COMMUNICATIONS SERVICES SOUTH AFRICA PROPRIETARY LIMITED
(“BTSA”)

Shareholders are referred to the joint announcement released by AEEI and AYO Technology on
Tuesday, 29 May 2018 in terms of which it was announced that AEEI and AYO Technology had
entered into a subscription agreement with Kilomax Investments Proprietary Limited (“Kilomax”), a
wholly-owned subsidiary of AEEI who owns 100% of the issued share capital of Kilomix Investments
Proprietary Limited (“Kilomix”) and Kilomix, who owns 30% of the issued share capital of BTSA, in
terms of which AYO Technology would subscribe for 99% of the issued share capital of Kilomix
(“Subscription Agreement”).

Shareholders are hereby advised that the Subscription Agreement has lapsed and that the parties
are engaging with each other to have the agreement reinstated. Shareholders will be advised should
the agreement be reinstated.

Cape Town
6 August 2018

Sponsor to AEEI & AYO Technology
PSG Capital

Date: 06/08/2018 02:00:00 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.