A E C I LIMITED - AECI - Amendments to the AECI05 and AECI06 pricing supplements and availability of the accompanying documents

AECI - Amendments to the AECI05 and AECI06 pricing supplements and availability of the accompanying documents

AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1924/002590/06)
Company code: AECI
LEI: 3789008641F1D3D90E85
Bond code: AECI05      ISIN: ZAG000199258
Bond code: AECI06      ISIN: ZAG000199266
(AECI or the Issuer)

NOTIFICATION OF AMENDMENTS TO THE AECI05 AND AECI06 APPLICABLE PRICING SUPPLEMENTS,
AVAILABILITY OF THE AMENDED AND RESTATED APPLICABLE PRICING SUPPLEMENTS, AVAILABILITY
OF THE UPDATED SUSTAINABILITY LINKED FINANCE FRAMEWORK AND SECOND PARTY OPINION
DOCUMENTS AND AVAILABILITY OF THE SUSTAINABILITY COMPLIANCE CERTIFICATE

Capitalised terms used herein which are not otherwise defined shall bear the meaning ascribed thereto in the terms
and conditions of Issuer's amended and restated programme memorandum dated 4 September 2023 (the
Programme Memorandum) and the applicable pricing supplements issued in respect of the ZAR535,000,000 senior
unsecured floating rate notes (AECI05) (the AECI05 Notes) and ZAR465,000,000 senior unsecured floating rate
notes (AECI06) (the AECI06 Notes),each dated 6 September 2023 (collectively, the Applicable Pricing
Supplements).

Each holder of the AECI05 Notes and the AECI06 Notes (collectively, the Noteholders), are referred to the
announcement released on the Stock Exchange News Service (SENS) of the JSE Limited on 29 April 2024, in
relation to the delay of the correction of a manifest error relating to an input into KPI 1 and KPI 2 (as defined in the
Issuer's Sustainability Linked Finance Framework, dated 11 August 2023).

The denominator of the Baseline for KPI 1 and KPI 2 (as defined in the Issuer's updated Sustainability Linked
Finance Framework (SLFF) dated 30 May 2024), has received limited assurance to ensure the accuracy of these
values and therefore the completeness and correctness of the recalibration of the Baseline and Sustainability
Performance Targets (SPTs) for KPI 1 and KPI 2. This limited assurance report is available at
https://www.ftp.aeciworld-online.com/reports/ar-2022/pdf/aeci-production-data-fy2022-report-with-limited-assurance-
report.pdf alongside a Sustainability Adjustment Event memo which provides further context, available at
https://www.ftp.aeciworld-online.com/pdf/debt-capital-markets/aeci-adjustment-event-summary-investors.pdf.

Accordingly, the Sustainability Performance Target Table in each of the Applicable Pricing Supplements has been
amended to incorporate the necessary recalibration. The amended and restated applicable pricing supplements are
available through a secure electronic manner at the election of the person requesting inspection and at
https://investor.aeciworld.com/debt-capital-markets.

Consequently, as required under paragraph 4 of the Additional Terms and Conditions of the Applicable Pricing
Supplements (Sustainability Adjustment Event), the Issuer has updated and made available the updated SLFF dated
30 May 2024 available https://www.ftp.aeciworld-online.com/pdf/debt-capital-markets/aeci-sustainability-linked-
financing-framework-may-2024.pdf, which is accompanied by an updated Second Party Opinion (SPO) dated
https://www.ftp.aeciworld-online.com/pdf/debt-capital-markets/final-aeci-slb-spo-31052024.pdf .

Lastly, Noteholders are advised that the Sustainability Compliance Certificate is now available at
https://www.ftp.aeciworld-online.com/pdf/debt-capital-markets/2024-sustainability-compliance-certificate-aeci.pdf. A
copy of the duly executed Sustainability Assurance Report is also available at https://www.ftp.aeciworld-
online.com/reports/ar-2023/pdf/sustainability-assurance-report.pdf. For any avoidance of doubt, the availability of the
Sustainability Compliance Certificate will have no impact on the Margin's of both the AECI05 and AECI06 Notes. The
increased Margin applicable as per the Sustainability Margin Adjustment Event that Noteholders were notified of in
the SENS released on 29 April 2024 remains effective.


4 June 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)




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Date: 04-06-2024 03:01:00
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