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AFE - AECI Limited - Trading statement

Release Date: 10/02/2012 15:00:02      Code(s): AFE AFEP
AFE - AECI Limited - Trading statement                                          
AECI LIMITED                                                                    
Incorporated in the Republic of South Africa                                    
(Registration No. 1924/002590/06)                                               
Share code: AFE     ISIN No. ZAE000000238                                       
("AECI" or "the Company")                                                       
TRADING STATEMENT                                                               
In compliance with the JSE Listings Requirements, shareholders are advised that,
for the financial year ended 31 December 2011, AECI`s actual earnings per share 
are expected to be between 27% and 32% higher than those achieved for the full  
financial year ended 31 December 2010 ("corresponding reporting period").       
Headline earnings per share are expected to increase by between 22% and 27%     
from those of the prior corresponding reporting period.                         
The improvement is due to more favourable trading conditions in both the mining 
and manufacturing sectors, as well as the effects of the weaker rand against    
the US dollar in the last quarter of 2011.                                      
AECI`s full-year results for 2011 are expected to be released on SENS on or     
about Tuesday, 21 February 2012.                                                
The forecast financial information on which this trading statement is based has 
not been reviewed and reported on by the Company`s external auditors.           
Woodmead, Sandton                                                               
10 February 2012                                                                
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 10/02/2012 15:00:02 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
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employees and agents accept no liability for (or in respect of) any direct,     
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howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

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