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Afe - Aeci Limited - Exercise Of Options And Sale Of Ordinary Shares By A

Release Date: 06/03/2012 13:00:02      Code(s): AFE
AFE - AECI Limited - Exercise of options and sale of ordinary shares by a       
Director                                                                        
AECI LIMITED                                                                    
Incorporated in the Republic of South Africa                                    
(Registration No. 1924/002590/06)                                               
Share code:  AFE    ISIN No. ZAE000000220                                       
("the Company")                                                                 
EXERCISE OF OPTIONS AND SALE OF ORDINARY SHARES BY A DIRECTOR                   
In compliance with the Listings Requirements of the JSE Limited, the following  
is disclosed:                                                                   
Director:                         Mr S Engelbrecht                              
Company:                          AECI Limited                                  
Date of transaction:              5 March 2012                                  
Nature of transaction:            On market exercise of options                 
Number of options exercised:      67 600                                        
Option strike price:              R23,60                                        
Class of securities:              Options in respect of ordinary                
                                 shares                                         
Date options issued:              1 June 2003                                   
Value of transaction:             R1 595 360                                    
Nature of interest:               Direct beneficial                             
Clearance obtained:               Yes, from the Chairman of the                 
                                 Company                                        
Director:                         Mr S Engelbrecht                              
Company:                          AECI Limited                                  
Date of transaction:              5 March 2012                                  
Nature of transaction and class   On market sale of ordinary                    
of securities:                    shares                                        
Number of shares sold:            40 000                                        
Sale price:                       R91,93                                        
Value of transaction:             R3 677 200                                    
Nature of interest:               Direct beneficial                             
Clearance obtained:               Yes, from the Chairman of the                 
                                 Company                                        
Woodmead, Sandton                                                               
6 March 2012                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 06/03/2012 13:00:01 Supplied by www.sharenet.co.za                     
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