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Afep - Aeci Limited - Appointment Of A Non- Executive Director

Release Date: 15/10/2007 15:10:09      Code(s): AFE AFEP
AFEP - AECI Limited - Appointment Of A Non- Executive Director                  
AECI LIMITED                                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number. 1924/002590/06)                                           
Share code: AFEP & ISIN No. ZAE000000238                                        
("AECI" or "the Company")                                                       
APPOINTMENT OF A NON- EXECUTIVE DIRECTOR                                        
AECI is pleased to announce the appointment of Zellah Fuphe (39) as a non-      
executive director of the Company, with effect from 1 November 2007.            
A graduate of the University of Cape Town, Zellah was appointed managing        
director of Worldwide African Investment Holdings ("Worldwide") in March 2004.  
She is responsible for driving that group`s strategy and investment             
opportunities in sub-Saharan Africa.  Under her leadership, Worldwide has       
restructured into the only South African black-owned and managed investment     
holding company focusing exclusively on the broader energy sector.              
Prior to this, Zellah was managing director of Afric Energy Resources, a        
wholly-owned subsidiary of Worldwide. In 2000 she was appointed managing        
director of Afric Oil, another subsidiary of Worldwide and the first BEE        
transaction in the liquid fuels sector in 1995.                                 
Zellah is a past member of the IPM Publications Board, secretary general of     
African Minerals and Energy Forum as well as an executive committee member of   
the World Petroleum Council (International). She previously chaired Oil         
Pollution Control South Africa, the South African National Committee of the     
World Petroleum Council and 18th World Petroleum Council 2005.  She currently   
holds directorships with Engen Limited, Afric Oil (Chair), Plessey, Worldwide   
Coal Carolina and the Oceana Group.                                             
AECI welcomes her to the Board and looks forward to benefiting from her         
experience and expertise.                                                       
Sandton                                                                         
15 October 2007                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 15/10/2007 15:10:09 Supplied by www.sharenet.co.za                     
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