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A E C I LIMITED - Dealings in securities by directors, company secretary and directors of a major subsidiary

Release Date: 09/09/2016 14:00:00      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 Listings Requirements, the following information is disclosed:

In terms of the rules of the Company?s LTIP, participants were allocated performance shares in 2016.
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 below and were accepted off-market on 9 September 2016 by the
Company?s Directors, the Group Company Secretary and Directors of a major subsidiary as follows:

Name             Position and
                 company                   No. of shares           Grant price              Value

MA Dytor         Chief Executive,
                 AECI                             28 049                R86,78      R2 434 092,22
KM Kathan        Chief Financial
                 Officer, AECI                    20 650                R86,78      R1 792 007,00
EN Rapoo         Group Company
                 Secretary, AECI                   5 310                R86,78        R460 801,80
WL Du Chenne     Director of AEL
                 Holdco Limited, a
                 major subsidiary of               4 904                R86,78        R425 569,12
R Fernandes      Director of AEL
                 Holdco Limited, a
                 major subsidiary of               4 958                R86,78        R430 255,24
EE Ludick        Director of AEL
                 Holdco Limited, a
                 major subsidiary of              10 615                R86,78        R921 169,70

Clearance has been obtained by all the above-mentioned recipients for the acceptance of their
awards. All interests are direct beneficial.

Woodmead, Sandton
9 September 2016

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

Date: 09/09/2016 02:00:00 Supplied by www.sharenet.co.za                     
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