29 Jul - 2 min read

Renewal of Cautionary Announcement - BT Call Option

Renewal of Cautionary Announcement  - BT Call Option

(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
("AEEI" or "the Company")


Shareholders are referred to the cautionary announcement dated 4 June
2021 and the subsequent renewal of such cautionary announcement dated
17 June 2021 regarding a determination on whether the British
Telecommunications South Africa Proprietary Limited (“BTSA”) Call
Option (“BT Call Option”) was validly exercised. AEEI had informed
BTSA that the call option is not capable of being exercised.

AEEI will deal directly with the board of directors of BTSA and with
BT Limited to resolve the issue of the BT Call Option. Shareholders
are therefore advised to continue to exercise caution when dealing in
the Company’s securities until further announcements in respect of
the BT Call Option are made.

Cape Town
29 July 2021

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec Capital

Date: 29-07-2021 03:00:00
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