A E C I LIMITED - Dealings in securities by directors, the group company secretary and prescribed officers

Dealings in securities by directors, the group company secretary and prescribed officers

AECI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(AECI or the Company)

DEALINGS IN SECURITIES BY DIRECTORS, THE GROUP COMPANY SECRETARY AND PRESCRIBED OFFICERS

Acceptance of awards of performance shares: Long-term Incentive Plan (LTIP)

In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements, the following
information is disclosed:

In terms of the standard rules of the Company’s LTIP, participants have been allocated a new award of
performance shares in line with an annual process. These will convert into AECI ordinary shares and will vest three
years after the grant date of 13 April 2023, 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
31 July 2023 as follows:

Name                Position and company                   No. of shares         Grant price          Value

H Riemensperger     Chief Executive, AECI                     93 080              R91.6422          R8 530 056

KM Kathan           Executive Director, AECI                  61 409              R91.6422          R5 627 656
                    (Managing Director of AECI Mining
                    Limited, a major subsidiary of
                    AECI)

C Singh             Group Company Secretary, AECI             30 525              R91.6422          R2 797 378

DJ Mulqueeny        Prescribed Officer, AECI                  36 391              R91.6422          R3 334 951

DK Murray           Prescribed Officer, AECI                  35 677              R91.6422          R3 269 519


Clearance has been obtained from the Chairman in respect of the above transactions. All interests are direct
beneficial.

Woodmead, Sandton
1 August 2023

Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 01-08-2023 10:00:00
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