Source - PRN

AECI Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/002590/06)
Share Code: AFE   ISIN: ZAE000000220
(“AECI” or “the Company”)

DEALINGS IN SECURITIES BY DIRECTORS, COMPANY SECRETARY AND DIRECTORS OF A MAJOR SUBSIDIARY

Acceptance of Awards of Performance Shares:  Long-term Incentive Plan (“LTIP”)

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

In terms of the rules of the Company’s LTIP, participants were allocated performance shares in 2016.  These will convert into AECI ordinary shares and will vest after three years, subject to the performance conditions attached to each allocation being met.  The performance shares were issued at the grant price as indicated below and were accepted off-market on 9 September 2016 by the Company’s Directors, the Group Company Secretary and Directors of a major subsidiary as follows:

Name Position and company No. of shares Grant price Value
MA Dytor Chief Executive, AECI 28 049 R86,78 R2 434 092,22
KM Kathan Chief Financial Officer, AECI 20 650 R86,78 R1 792 007,00
EN Rapoo Group Company Secretary, AECI 5 310 R86,78 R460 801,80
WL Du Chenne Director of AEL Holdco Limited, a major subsidiary of AECI 4 904 R86,78 R425 569,12
R Fernandes Director of AEL Holdco Limited, a major subsidiary of AECI 4 958 R86,78 R430 255,24
EE Ludick Director of AEL Holdco Limited, a major subsidiary of AECI 10 615 R86,78 R921 169,70

Clearance has been obtained by all the above-mentioned recipients for the acceptance of their awards.  All interests are direct beneficial.

Woodmead, Sandton
9 September 2016

Sponsor:  RAND MERCHANT BANK (A division of FirstRand Bank Limited