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A E C I Limited - Acceptance Of Awards Of Performance Shares: Long-term Incentive Plan (ltip)

Release Date: 15/10/2014 12:00:00      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: LONG-TERM INCENTIVE PLAN (?LTIP?)

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

In terms of the rules of the LTIP, participants were allocated performance shares in 2014. 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 14 October 2014 by the Company?s Executive
Directors as follows:

2014
Executive Director     No. of performance shares         Grant price        Value
MA Dytor               17 956                            R115,97            R2 082 357,32
KM Kathan              13 724                            R115,97            R1 591 572,28

Clearance has been obtained by both the above-mentioned Executive Directors for the acceptance
of the awards. All interests are direct beneficial.

Woodmead, Sandton
15 October 2014

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

Date: 15/10/2014 12:00:00 Supplied by www.sharenet.co.za                     
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