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A E C I LIMITED - Disclosure of significant change to holding of AECI shares

Release Date: 22/11/2016 11:40:00      Code(s): AFE     
(Incorporated in the Republic of South Africa)
(Registration Number 1924/002590/06)
 Share code: AFE ISIN No. ZAE000000220
(?AECI? or ?the Company?)


In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and paragraph 3.83(b)
of the JSE Limited Listings Requirements, shareholders are advised that AECI has received formal
notification from the Public Investment Corporation SOE Limited (?PIC?) that it has disposed of
ordinary shares of the Company, such that the total interest in the ordinary shares of AECI held by
the PIC now amounts to 14,860% of the total issued ordinary shares of the Company.

The Company has filed the required notice with the Takeover Regulation Panel.

Woodmead, Sandton
22 November 2016

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 22/11/2016 11:40:00 Supplied by www.sharenet.co.za                     
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