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AFE - AECI LIMITED - Announcement relating to the results of the General Meeting

Release Date: 25/01/2012 15:30:01      Code(s): AFE AFEP
AFE - AECI LIMITED - Announcement relating to the results of the General Meeting
of AECI shareholders                                                            
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                                         
1    Introduction                                                               
    AECI shareholders ("Shareholders") are referred to the announcement         
    released on the Securities Exchange News Service ("SENS") on Monday, 19     
    December 2011 and published in the press on Tuesday, 20 December 2011       
relating to an update on the proposed Broad-based Black Economic            
    Empowerment ("B-BBEE") Transaction ("the proposed B-BBEE Transaction"), of  
    which full terms were released on SENS on Thursday, 13 October 2011 and     
    published in the press on Friday, 14 October 2011.                          
Shareholders are further referred to the circular to Shareholders           
    containing the full terms of the proposed B-BBEE Transaction, posted to     
    Shareholders on Wednesday, 26 October 2011 as well as the supplementary     
    circular posted to Shareholders on Wednesday, 21 December 2011.             
2    Results of general meeting                                                 
    Shareholders are advised that at the general meeting of     Shareholders    
    held today, the ordinary and special resolutions in relation to the         
    proposed B-BBEE Transaction were approved by the requisite majority of      
    The special resolutions will be filed with the Companies and Intellectual   
    Property Commission, to the extent required.                                
25 January 2012                                                                 
Investment bank and      Attorneys and tax           Reporting accountants and  
transaction sponsor      advisers                    auditors                   
The Standard Bank of                                 KPMG Inc.                  
South Africa Limited     Webber Wentzel                                         
Accounting advisers      Programme and               Independent professional   
                        implementation managers     expert                      

                        Barnstone Corporate                                     
Deloitte                 Services Proprietary        Ernst & Young Advisory     
                        Limited                     Services Limited            
Corporate sponsor                                       
                        Rand Merchant Bank (a                                   
                        division of FirstRand                                   
Bank Limited)                                           
Date: 25/01/2012 15:30:01 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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