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AECI Limited - Trading Statement

Release Date: 01/07/2005 08:00:01      Code(s): AFE
AECI Limited - Trading Statement                                                
AECI LIMITED                                                                    
("AECI" or "the Company")                                                       
(Incorporated in the Republic of South Africa)                                  
Registration no. 1924/002590/06                                                 
Share code:  AFE                                                                
ISIN code:  ZAE000000220                                                        
TRADING STATEMENT                                                               
In terms of the revised Listings Requirements of the JSE Securities Exchange    
South Africa, a listed company must publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial       
results for the period to be reported upon next will differ by at least 20 per  
cent from that of the previous corresponding period.                            
AECI expects that for the six month period ending 30 June 2005, headline        
earnings per ordinary share will be between 186 and 198 cents per share (i.e. 18
to 25 per cent higher than in the first half of 2004), and attributable earnings
per ordinary share will be between 176 and 188 cents per share.  The difference 
between the headline and attributable earnings per share is predominantly due to
a further transitional provision for post-employment medical aid benefits.      
The main reasons for the increase in earnings are an improved performance by the
specialty fibres business, strong results from property activities and lower    
financing costs.                                                                
The information in this trading statement has not been reviewed and reported on 
by the auditors of the Company.                                                 
The results for the six month period ending 30 June 2005 will be published on 26
July 2005.                                                                      
1 July 2005                                                                     
J.P. MORGAN EQUITIES LIMITED                                                    
Date: 01/07/2005 08:00:04 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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