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A E C I Limited - Acceptance Of Awards Of Performance Shares

Release Date: 21/11/2013 13:54:00      Code(s): AFE     
AECI Limited

(Incorporated in the Republic of South Africa)

(Registration number 1924/002590/06)

Share Code: AFE

ISIN: ZAE000000220

(?AECI? or ?the Company?)



ACCEPTANCE OF AWARDS OF PERFORMANCE SHARES



In compliance with the JSE Limited Listing Requirements, the following information is disclosed:



     LONG-TERM INCENTIVE PLAN (?LTIP?)



     In terms of the rules of the LTIP, participants were allocated performance shares in 2012

     and 2013. These will convert into AECI ordinary shares and will vest after three years,

     subject to the performance conditions attached to each allocation being met. The

     performance shares were issued at the grant price as indicated and were accepted off-

     market on 20 November 2013 by the Company?s Executive Directors as follows:



     2012

     Executive Director      No. of performance shares Grant price Value



     MA Dytor                11 230                          R79,18         R889 191,40

     KM Kathan               17 112                          R79,18         R1 354 928,16



     2013

     Executive Director      No. of performance shares Grant price Value

     MA Dytor                28 232                          R109,37        R3 087 733,84

     KM Kathan               26 197                          R109,37        R2 865 165,89



     Clearance has been obtained by both the above-mentioned Executive Directors for the

     acceptance of the awards. All interests are direct beneficial.





Woodmead, Sandton

21 November 2013



Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)


Date: 21/11/2013 01:54:00 Supplied by www.sharenet.co.za                     
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