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AGA-INCREASE IN SHARE CAPITAL

AGA announces an increase in its share capital.

The issued ordinary shares of AGA increased to     405,265,315     as at December 31, 2015.  This was
as   a   result   of   the   issue   and   listing   of   additional   ordinary   shares   over   the   period   on   the
Johannesburg Securities Exchange, South Africa.

The issued shares are as detailed below:

AGA Share Incentive Scheme (November 2015)   –   34,281 ordinary shares

By this arrangement, AGA share capital has also been increased to 49,761,548,770.28 South African Rand .

Issued in Accra, this 26th day of  January, 2016.