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

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

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, PRESCRIBED OFFICERS AND THE GROUP COMPANY SECRETARY

In compliance with paragraphs 6.77 to 6.83 of the JSE Limited Listings Requirements, the following information is
disclosed:

Acceptance of awards of performance shares: Long-term Incentive Plan (LTIP)
In terms of the standard rules of the Company’s LTIP, AECI’s Group Chief Executive Officer (CEO), Alan Dickson, has
been allocated new awards of performance shares (LTIP Awards), as part of the annual award process.

The LTIP Awards will convert into AECI ordinary shares, subject to the applicable vesting and performance conditions.
The LTIP Awards were accepted by the CEO today, 4 September 2026, and the performance shares were issued onthe same date 
at a grant price of R111.27 per share.

Further details of the LTIP Awards are set out below:

                                                                                 Number of
Type of LTIP Award                                  Vesting date        performance shares                       Value

LTIP performance shares                            25 March 2029                   104 367              R11 612 916.09

CEO LTIP performance shares                        23 March 2028                    83 494               R9 290 377.38


Acceptance of awards of performance shares: Value Unlock Share Scheme (VUIS)
In terms of the standard rules of the Company’s VUIS, participants have been allocated new awards of performance
shares (VUIS Awards), as part of the annual award process. The VUIS Awards will convert into AECI ordinary shares
and will vest on 31 March 2028, subject to the applicable performance conditions attached to each award being met.
The VUIS Awards were accepted by the relevant participants today, 4 September 2026, and the performance shares
were issued on the same date at a grant price of R111.27 per share, as set out below:


                                                                               Number of
Name                  Position and company                            performance shares                        Value

Alan Dickson          Group Chief Executive Officer, AECI                         66 730                R7 425 047.10

Ian Kramer            Group Chief Financial Officer, AECI                         41 782                R4 649 083.14

Dean Murray           Prescribed Officer (Executive Vice
                      President, AECI Chemicals)                                  28 445                R3 165 075.15                 

Stuart Miller         Prescribed Officer (Executive Vice
                      President, AECI Mining)                                     39 330                R4 376 249.10
                      
Cheryl Singh          Group Company Secretary, AECI                               23 786                R2 646 668.22


The abovementioned transactions, for which the requisite clearance was granted in terms of paragraph 6.83 of the
JSE Limited Listings Requirements, were effected off-market. All participants have a direct beneficial interest.


Woodmead, Sandton
4 September 2026

Equity Sponsor: One Capital

Debt Sponsor: Questco Proprietary Limited
Date: 04/09/2026 04:00:00
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