Amaanat Minorities Urgent Press Release

19 September 2024 articles SERVING FOR THE PLEASURE OF ALLAH ON BEHALF OF ALL REGISTERED MEMBERS PENSIONERS, WIDOWS, ORPHANS, MADRASAS, MUSJIDS & ALL OTHER VOICELESS OPPRESSED INVESTORS “UNITY IS POWER” “UNITING THE UMMAH FOR THE PLEASURE OF ALLAH” Please Direct All Queries, Comments, And Input Regarding This Press Release. AMAANAT MINORITIES [email protected] Tel 031 309 6871 Whatsapp 066 226 6126 Suite 1 Tel 0313096871 74 Dunnottar Avenue Whatsapp 0662266126 Asherville E-mail [email protected] Sydenham, Durban ACTIVIST FORUM AMAANAT MINORITIES FOR IMMEDIATE RELEASE 18th September 2024 URGENT PRESS RELEASE Dear AIH Investor, POLL FOR AIH DISINVESTMENT Amaanat Minorities (AM) has been inundated with requests from investors who want to disinvest. Returns have been sub-par (2%), Many investors need to unlock their investment due to varying personal circumstances. We respect that every investor has a different view which is based on their investor profile and needs. As an association our principal concern is that investors are being made beggars, living on charity and handouts, yet AIH is selling off assets to reinvest instead of paying investors out. AM has in excess of 400 registered members who are bona-fide investors and collectively have circa R200m invested in Amaanat Investment Holding Ltd (AIH). We have been operating since 2022 with the sole purpose of ensuring an amicable way for shareholders to disinvest. AM is a constituted, unincorporated not-for-profit voluntary association to advance, preserve and protect AIH investors’ rights. As AM we engage AIH in terms of section 157(1)(c) of the companies act 71 of 2008. We have been duly advised by the AIH board of directors that our members are not the only ones seeking disinvestment and many other shareholders also want to disinvest. The company is on record saying that it wishes to serve the interests of all investors and hence we deem it appropriate to canvass the views of all investors on their continued investment. Findings and feedback will be presented to AIH. Our position on disinvestment is, those who wish to disinvest must be allowed to do so unconditionally at a just and equitable price. (NAV Per Share) Net Asset Value per share is determined by totaling the assets less liabilities divided by number of issued shares. Your participation will provide the necessary data we need to present to AIH in support of creating a mechanism of disinvestment which will bring much relief to all. Please complete the online poll via the link below: (POLL CLOSING 30/9/2024 at 23:59) https://forms.gle/KZ3nFYwqSSJHmh6RA (AM REGISTERED MEMBERS DON’T NEED TO COMPLETE IT) For queries, you can reach out to us telephonically at 031 309 6871 or email [email protected]. We request that you share this with all investors of AIH to ensure everyone can participate. We have also requested that AIH disseminate to all shareholders so that we can reach every investor. We are unsure if they will accede to our request and therefore solely rely on investor to investor sharing. ENDS.