AFRICAN AND OVERSEAS ENTERPRISES LIMITED (Incorporated in the Republic of South Africa)

(Registration number 1947/027461/06)

JSE share code: AOO

ISIN: ZAE000000485

JSE share code: AON

ISIN: ZAE000009718

JSE share code: AOVP

ISIN: ZAE000000493

("AOE" or the "Company")

DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF AOE AND NOTIFICATION OF ACQUISITION AND DISPOSAL OF A BENEFICIAL INTEREST IN SECURITIES

Shareholders are advised of the following information relating to dealings in securities by an associate of a director of AOE:

Name of director:

MA Golding

Name of associate:

Geomer Investments Proprietary Limited, of which MA Golding

is the director and a shareholder

Transaction date:

28 June 2022

Class of securities:

Ordinary shares

Number of securities:

368 750

Price for the day:

R 27.00

Total value:

R 9 956 250.00

Nature of transaction:

Entering into of an agreement to purchase AOE shares effective

20 February 2023

Nature and extent of director's interest:

Indirect beneficial

Clearance to deal received:

Yes

Acquisition and disposal of securities in terms of section 122 of the Companies Act No. 71 of 2008, as amended

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that Geomer Investments (Proprietary) Limited ("Geomer") has acquired an interest in AOE ordinary shares, such that the Geomer now holds 78.61% of AOE's total issued ordinary shares.

Shareholders are further advised that the Company has received formal notification in the prescribed form that the shareholders of Telemedia Proprietary Limited have disposed of their entire interest in AOE ordinary shares.

29 June 2022

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African and Overseas Enterprises Limited published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 16:10:26 UTC.