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Afep - Aeci - Notice To Preference Shareholders: Dividend No. 148

Release Date: 18/05/2012 11:00:01      Code(s): AFE AFEP
AFEP - AECI - Notice to Preference Shareholders: Dividend No. 148               
AECI LIMITED                                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1924/002590/06)                                            
Tax reference number: 9000008608                                                
Share code: AFEP     ISIN NO: ZAE000000238                                      
("AECI" or "the Company")                                                       
NOTICE TO PREFERENCE SHAREHOLDERS: Dividend No. 148                             
NOTICE IS HEREBY GIVEN that on Friday, 18 May 2012 the Directors of AECI        
declared a gross dividend at the rate of 5,5 per cent per annum for the six     
months ending Friday, 15 June 2012 payable on Friday, 15 June 2012 to holders of
preference shares recorded in the books of the Company at the close of business 
on Friday, 8 June 2012.                                                         
The last day to trade cum dividend will be Friday, 1 June 2012 and shares will  
commence trading ex dividend as from Monday, 4 June 2012.                       
The dividend is declared in pound sterling and payment will be made from the    
offices of the Transfer Secretaries in South Africa and the United Kingdom on   
Friday, 15 June 2012.  Dividends payable from South Africa will be paid in South
African currency at the rate of 36,09203 cents per share (gross dividend) in    
accordance with the exchange rate ruling on Monday, 14 May 2012 (1 pound        
sterling = ZAR13,1244).                                                         
A South African dividend withholding tax of 15% will be applicable to all       
shareholders who are not either exempt or entitled to a reduction of the        
withholding tax rate in terms of a relevant Double Taxation Agreement resulting 
in a net dividend of 30,67823 cents per share to those shareholders who are not 
exempt.  Application forms for exemption or a reduction may be obtained from the
Transfer Secretaries and must be returned to them on or before Friday, 1 June   
2012.                                                                           
Dividends payable from the United Kingdom office will be subject to such tax    
deductions as are prescribed by United Kingdom legislation unless a certificate 
exempting the shareholder concerned from such tax deduction is received before  
Friday, 1 June 2012.                                                            
The issued share capital at the declaration date is 128 241 140 ordinary shares,
3 000 000 cumulative preference shares and 10 117 951 redeemable convertible B  
ordinary shares.  The dividend has been declared from the income reserves of the
Company.  No Secondary Tax on Companies` credits are available to be used.      
Any change of address or dividend instruction must be received on or before     
Friday, 1 June 2012.                                                            
Share certificates may not be dematerialised or rematerialised from Monday, 4   
June 2012 to Friday, 8 June 2012, both days inclusive.                          
By order of the Board                                                           
E N Rapoo                                                                       
Company Secretary                                                               
Woodmead, Sandton                                                               
18 May 2012                                                                     
Transfer Secretaries                                                            
Computershare Investor Services (Proprietary) Limited                           
70 Marshall Street, Johannesburg 2001                                           
and                                                                             
Computershare Investor Services PLC                                             
P O Box 82                                                                      
The Pavilions                                                                   
Bridgwater Road                                                                 
Bristol BS99 7NH                                                                
England                                                                         
Registered office                                                               
1st Floor, AECI Place                                                           
24 The Woodlands                                                                
Woodlands Drive                                                                 
Woodmead                                                                        
Sandton                                                                         
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)              
Date: 18/05/2012 11:00:01 Supplied by www.sharenet.co.za                     
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