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

Dealings in securities by directors, group company secretary and the director of a major subsidiary

AECI Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
(“AECI” or “the Company”)

DEALINGS IN SECURITIES BY DIRECTORS, GROUP COMPANY SECRETARY AND THE
DIRECTOR OF A MAJOR SUBSIDIARY

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 2017.
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 10 November 2017 by the
Company’s Directors, the Group Company Secretary and the Director of a major subsidiary as follows:

Name             Position and
                 company                No. of shares     Grant price        Value
                 
MA Dytor         Chief Executive,
                 AECI                   43 766            R105,53            R4 618 625,98              
KM Kathan        Chief Financial
                 Officer, AECI          35 215            R105,53            R3 716 238,95                 
EN Rapoo         Group Company
                 Secretary, AECI        10 811            R105,53            R1 140 884,83                 
EE Ludick        Director of AECI
                 Mining Solutions
                 Limited, a major       25 096            R105,53            R2 648 380,88
                 subsidiary of AECI
                 

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

Woodmead, Sandton

13 November 2017
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited

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