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AFE - AECI - Confirmation Of Ratio For Capitalisation Award

Release Date: 17/09/2009 11:00:01      Code(s): AFE
AFE - AECI - Confirmation Of Ratio For Capitalisation Award                     
AECI LIMITED                                                                    
Incorporated in the Republic of South Africa                                    
(Registration No 1924/002590/06)                                                
Share code: AFE & ISIN code: ZAE000000220                                       
("AECI" or "the Company")                                                       
AECI shareholders are referred to the announcement which was released by the    
Company on the Securities Exchange News Service ("SENS") on Tuesday, 28 July    
2009, and published in the press on Wednesday, 29 July 2009, together with the  
circular posted on 7 September 2009 regarding the capitalisation award.         
According to the terms of the capitalisation award, the number of shares to     
which shareholders are entitled has been determined in the ratio that 28 cents  
per ordinary share bears to the 30-day volume-weighted average traded price of  
AECI ordinary shares on the JSE Limited ("JSE") at the close of business on     
Wednesday, 16 September 2009 ("VWAP"), being: R55,71.                           
Shareholders will accordingly be entitled to receive 0.50260 shares for every   
100 shares held on Friday, 2 October 2009, being the record date in terms of the
capitalisation award, in lieu of the cash dividend of 28 cents per share.       
Trading in the Strate environment does not permit fractions and fractional      
entitlements. Accordingly, where a shareholder`s entitlement to new ordinary    
shares calculated in accordance with the above formula gives rise to a fraction 
of a new ordinary share, such fraction will be rounded up to the nearest whole  
number, where the fraction is greater than or equal to 0.5 and rounded down to  
the nearest whole number, where the fraction is smaller than 0.5.               
By order of the Board                                                           
EA Rea                                                                          
Acting Company secretary                                                        
Woodmead, Sandton                                                               
17 September 2009                                                               
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 17/09/2009 11:00:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

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