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Afe - Aeci Limited - Results Of The Capitalisation Award

Release Date: 06/10/2009 16:33:02      Code(s): AFE
AFE - AECI Limited - Results Of The 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")                                                       
RESULTS OF THE CAPITALISATION AWARD                                             
AECI shareholders are referred to the announcements which were released by the  
Company on the Securities Exchange News Service ("SENS") on Tuesday, 28 July    
2009 and Thursday, 17 September 2009, together with the circular posted on 7    
September 2009 regarding the capitalisation award ("capitalisation award").     
Shareholders were entitled, as an alternative to the capitalisation award, in   
respect of all or part of their shareholding, to elect to receive a cash        
dividend of 28 cents per ordinary share ("the cash dividend alternative")       
which would be paid only to those shareholders who had elected to participate   
in the cash dividend alternative. Shareholders not electing to receive the      
cash dividend alternative in respect of all or part of their shareholding       
would, by default, be issued with fully paid ordinary shares in terms of the    
capitalisation award. The last day to trade to participate in the               
capitalisation award was Friday, 25 September 2009.                             
According to the terms of the capitalisation award, the number of new fully     
paid AECI ordinary shares ("the new shares") to which shareholders would        
become entitled would be determined in the ratio that 28 cents per ordinary     
share bore to the 30-day volume-weighted average trading price of AECI          
ordinary shares on the JSE Limited at the close of business on Wednesday, 16    
September 2009. Shareholders were accordingly 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         
alternative of 28 cents per share. As trading in the Strate environment does    
not permit fractions and fractional entitlements, fractions of shares were not  
issued, but were rounded to the nearest whole number according to the rounding  
principle.                                                                      
AECI shareholders holding 57 464 247 AECI ordinary shares received the          
capitalisation award, resulting in the issue of 288 883 new shares.             
Accordingly, a cash dividend of R17 187 166.92 was paid in respect of 61 382    
739 AECI ordinary shares in terms of which the cash dividend alternative was    
elected.                                                                        
Dividend cheques and share certificates in respect of new shares were posted    
to certificated shareholders at their risk and the participant or broker        
custody accounts of dematerialised shareholders were credited on Monday 5       
October 2009.                                                                   
Woodmead                                                                        
6 October 2009                                                                  
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 06/10/2009 16:33:01 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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