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Afe/afep - Aeci Limited - Fulfillment Of Suspensive Conditions Relating To The

Release Date: 19/01/2012 15:00:01      Code(s): AFE AFEP
AFE/AFEP - AECI Limited - Fulfillment of suspensive conditions relating to the  
acquisition by AECI of the KTH Consortium`s 25,1% interest in AECI`s explosives 
business in exchange for ordinary shares in AECI                                
AECI LIMITED                                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1924/002590/06)                                            
JSE ordinary share code:   AFE                                                  
JSE preference share code: AFEP                                                 
JSE ordinary share ISIN:   ZAE000000220                                         
JSE preference share ISIN: ZAE000000238                                         
("AECI")                                                                        
FULFILLMENT OF SUSPENSIVE CONDITIONS RELATING TO THE ACQUISITION BY AECI OF THE 
KTH CONSORTIUM`S 25,1% INTEREST IN AECI`S EXPLOSIVES BUSINESS IN EXCHANGE FOR   
ORDINARY SHARES IN AECI                                                         
AECI shareholders ("Shareholders") are referred to the announcement released on 
the Securities Exchange News Service on Monday, 19 December 2011 and published  
in the press on Tuesday, 20 December 2011.                                      
Shareholders were advised that, subject to certain suspensive conditions, AECI  
had entered into an agreement with, inter alia,  Kagiso Tiso Holdings           
Proprietary Limited (RF) ("KTH") and the Tiso AEL Development Trust ("the AEL   
Trust") in terms of which AECI would acquire an effective 25,1% interest in AEL 
Mining Services Limited, a wholly-owned subsidiary of AEL HoldCo, from KTH and  
the AEL Trust, in exchange for the issue of 4 678 667 ordinary shares in AECI   
("the KTH Transaction").                                                        
Shareholders are hereby advised that all the suspensive conditions relating to  
the KTH Transaction have now been fulfilled.                                    
Woodmead                                                                        
19 January 2012                                                                 
Investment bank and           Attorneys and tax   Reporting accountants and     
transaction sponsor           advisers            auditors                      
                                                                                
The Standard Bank of South                                                      
Africa Limited                                    KPMG Inc.                     
                             Webber Wentzel                                     
                                                                                
Independent professional                          Corporate sponsor             
expert                                                                          
                                                 Rand Merchant Bank (a          
                                                 division of FirstRand          
Ernst & Young Advisory                            Bank Limited)                 
Services Limited                                                                
Date: 19/01/2012 15:00:01 Supplied by www.sharenet.co.za                     
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