AEP ENERGY AFRICA LIMITED - Results of the Annual General Meeting

Results of the Annual 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”)


RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are advised that, at the Annual General Meeting of AEP shareholders held today,
5 December 2018, the special and ordinary resolutions proposed thereat, were voted on as set out below.

The total number of AEP ordinary shares in issue is 5 255 680 shares of which 5 143 200 shares were voted
at the general meeting, representing 97.86% of the AEP ordinary shares in issue.

 Resolutions:                                                             Votes: For     Votes: Against
                                                                                % (1)             % (1)
 Ordinary resolution number 1:
 Re-election of directors:
 2.1 DW Wright as an independent non-executive director                       100.00                  -
 2.2 SS Sibiya as an independent non-executive director                       100.00                  -
 2.3 TP Leeuw as a non-executive director                                      99.03               0.97

 Ordinary resolution number 2:                                                100.00                  -
 Re-appointment of external auditors

 Ordinary resolution number 3:
 Election of the following directors to the Audit and Risk Committee:
 4.1 MM Kekana (Chairperson)                                                  100.00                  -
 4.2 SM David                                                                 100.00                  -
 4.3 CJ Dooling                                                               100.00                  -

 Ordinary resolution number 4:                                                100.00                  -
 General authority to issue shares for cash

 *Non-binding advisory vote number 5 – Endorsement of the:
 5.1 Remuneration Policy                                                       49.93              50.07
 5.2 Implementation Report                                                     49.93              50.07

 Special resolution number 1:                                                 100.00                  -
 Approval of the non-executive directors’ remuneration for
 2018/2019

 Special resolution number 2:                                                 100.00                  -
 Approval of the general authority to provide financial assistance to
 directors

 Special resolution number 3:                                                 100.00                  -
 General authority to provide financial assistance to related and
 inter-related companies

Notes:
1. As a percentage of shares voted.
2. There were no abstentions.

Invitation to dissenting shareholders:

*The Remuneration Policy and the Implementation Report were voted against by shareholders exercising
25% or more of the voting rights exercised. AEP accordingly extends an invitation to such dissenting
shareholders to communicate with it in regard to their concerns in relation thereto by addressing an email to
the Remuneration Committee Chairman Silvanus David, at silvanus.david@gmail.com, and copying the
Chairman of the Board, Dave Wright, at dave.wright275@gmail.com, and submitting same to reach the
Company by no later than Friday, 25 January 2019.


Johannesburg
5 December 2018

Designated Advisor:
Questco Corporate Advisory Proprietary Limited

Date: 05/12/2018 03:16:00 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.