African Equity Empowerment Investmts : Investments Limited - Results Of General Meeting

Results of general meeting

African Equity Empowerment Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
('AEEI' or 'the Company')

RESULTS OF GENERAL MEETING

1. Shareholders are referred to the Company's SENS announcement dated
15 November 2016, indicating that AEEI's board of directors has
approved a proposal to list its subsidiary, Premier Food and Fishing
('PFF'), on the JSE, subject to market conditions ('Listing').

2. Shareholders are also referred to the Company's SENS announcement
dated 22 December 2016, advising that, as a condition to the Listing
and in order to provide PFF with additional capital to fund its
further expansion, it is proposed that PFF will, on the date of the
Listing, issue shares to eligible investors by way of a private
placement ('Placement'). As indicated in that announcement and in
AEEI's circular of the same date to shareholders, the issue of such
shares by PFF requires the approval of AEEI shareholders.

3. In this regard, shareholders are advised that at the general meeting
of the Company ('General Meeting') held at 10:00 today, 24 January
2017, at AEEI's head office, at Premier Fishing, Quay 7, Breakwater
Boulevard, East Pier, Victoria & Alfred Waterfront, Cape Town, all of
the resolutions proposed were passed by the requisite majority of
AEEI shareholders.

4. Details of the results of voting at the General Meeting are as
follows:

Resolutions Votes for as Votes against Shares voted Shares
proposed at percentage of as percentage at General abstained as
the General total number of total Meeting percentage of
Meeting of shares number of (number and total issued
voted (%) shares voted percentage of share capital
(%) total issued (%)
share capital)

Ordinary 99.98% 0.02% 422 389 762 0.00%
Resolution shares
Number 1:
Authority to (85.97%)
implement the
Share Issue

Ordinary 100% 0.00% 422 389 762 0.01%
Resolution shares
Number 2: (85.97%)
Authority of
Directors

5. Following the approval of the above resolutions by AEEI shareholders,
it is anticipated that PFF will, subject to market conditions and the
approval of the JSE, be listed on the JSE main board during March
2017, in conjunction with the Placement.

6. A pre-listing statement will be issued by PFF in due course.

Cape Town
24 January 2017

Transaction advisor and sponsor
PSG CAPITAL

Date: 24/01/2017 02:00:00
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