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AFE - AECI limited - Changes to the board of directors

Release Date: 06/12/2007 15:00:02      Code(s): AFE
AFE - AECI limited - Changes to the board of directors                          
AECI LIMITED                                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number. 1924/002590/06)                                           
Share code: AFE    ISIN No. ZAE000000220                                        
("AECI" or "the Company")                                                       
CHANGES TO THE BOARD OF DIRECTORS                                               
Schalk Engelbrecht has advised the Board of directors of AECI ("the Board") that
he will retire from his position as chief executive of the Company on 1 March   
2008, at which time he will have reached his full retirement age.               
The Board acknowledges the invaluable input that Schalk has made to the         
Company`s businesses and its Board since his appointment as chief executive in  
April 2003.  His leadership in continuing to position AECI as a world class     
provider of chemical-based specialty products and services, particularly to the 
mining and manufacturing industries, has been exemplary.                        
AECI is pleased to announce that Dr G N (Graham) Edwards (53) will succeed      
Schalk as chief executive of AECI, with effect from 1 March 2008.               
Graham is currently managing director of African Explosives Limited (AEL), which
position he has held since 1999.  He has led the current transformation process 
to entrench AEL`s position as a world-leading supplier of cost-effective,       
quality and safety-enhanced explosives and initiating systems through automation
and re-engineering.                                                             
Graham joined AECI in 1978 as a design engineer and, prior to taking up his     
position as managing director of AEL, he worked in several positions in the     
production, engineering, buying and strategic planning fields.  He joined the   
Board of AECI in an executive capacity in January 2007.  He is also a member of 
the Company`s executive committee, a non-executive director of Chemical Services
Limited and chairman of the DetNet joint venture.                               
His fellow AECI directors and all his AECI colleagues congratulate him on his   
Graham`s successor at AEL will be named in due course.                          
Fani Titi                                                                       
6 December 2007                                                                 
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 06/12/2007 15:00:01 Supplied by www.sharenet.co.za                     
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