Distribution of Circular and Notice of General Meeting 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”) DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING Shareholders are referred to the announcement released on SENS on 26 June 2018 and, using the terms defined therein unless otherwise stated, are advised that the circular setting out the details of the Transaction and the Specific Issue, and containing a notice of a general meeting to approve the relevant resolutions pertaining to the Transaction and the Specific Issue (“Circular”), has been posted today, 27 September 2018 to shareholders registered as such on Friday, 21 September 2018. The Circular is available on the Company’s website: http://aep.co.za/investor-relations/ NOTICE OF GENERAL MEETING Notice is hereby given that the general meeting of shareholders will be held on Thursday, 25 October 2018 at 10:00 at the offices of AEP situated at 2nd Floor, 28 Fricker Road, Illovo (“General Meeting”), to consider the resolutions to approve the Transaction and the Specific Issue. The salient dates and times relating to the General Meeting are set out below: 2018 Record date for AEP Shareholders to be eligible to receive the Friday, 21 September Circular and Notice of General Meeting Circular posted to AEP Shareholders and notice convening the Thursday, 27 September General Meeting published on SENS on Last day to trade in order to be eligible to vote at the General Wednesday, 17 October Meeting Record date in order to vote at the General Meeting Friday, 19 October Receipt of Forms of Proxy by 10:00 on Tuesday, 23 October General Meeting to be held at 10:00 on Thursday, 25 October Results of the General Meeting published on SENS on Thursday, 25 October The above dates and times are subject to change. Any such changes will be published on SENS. Illovo 27 September 2018 Corporate and Designated Advisor: Questco Corporate Advisory Proprietary Limited Date: 27/09/2018 02:01:00 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.