A E C I LIMITED - Notification of the voting results in respect of the request for written consent of noteholders

Notification of the voting results in respect of the request for written consent of noteholders

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 THE VOTING RESULTS IN RESPECT OF THE REQUEST FOR WRITTEN CONSENT OF NOTEHOLDERS

Unless otherwise defined herein, capitalised terms shall have the same meaning as set forth in Consent Notice (as
defined below).

Noteholders are referred to the notice of request for written consent released by AECI on SENS on 4 November
2024 (the "Consent Notice"), in which the Extraordinary Resolutions set out below were proposed:


1.      Extraordinary Resolution No. 1:

        "That the Noteholders of all Notes Outstanding consent to unconditional release and discharge of Much
        Asphalt, as Original Guarantor, from its obligations under the Terms and Conditions and the Noteholders
        Guarantee."

2.      Extraordinary Resolution No. 2:

        "That, subject to the passing of Extraordinary Resolution No. 1 above, the Noteholders of all Notes
        Outstanding consent to:

2.1.1         the Issuer amending and restating the Terms and Conditions, as contained in the Programme
              Memorandum and the Noteholders Guarantee to give effect to the unconditional release and discharge
              of Much Asphalt, as an Original Guarantor;

2.1.2         subject to the passing of Extraordinary Resolution No. 2 above, any consequential changes to the
              Applicable Pricing Supplements of all Notes Outstanding, to give effect to the release and discharge of
              Much Asphalt as Original Guarantor."

        In this regard, AECI confirms the voting results from the Consent Notice in relation to the total nominal
        amount of those classes of debt securities that were affected by the amendments are as follows:

AECI05

Extraordinary    Total value             Debt            Debt     Votes for the             Votes       Votes
   Resolution       of Notes       securities      securities       resolution*       against the   abstained
                 outstanding       voted as a       voted (%)               (%)        resolution         (%)
                         (R)       Rand value                                                 (%)
                                          (R)
No. 1            535 000 000     495 500 000            92.62            92.62               0.00        0.00

No. 2            535 000 000     495 500 000            92.62            92.62               0.00        0.00



AECI06

Extraordinary    Total value            Debt             Debt    Votes for the              Votes        Votes
   Resolution       of Notes      securities       securities      resolution*        against the    abstained
                 outstanding      voted as a        voted (%)              (%)         resolution          (%)
                         (R)      Rand value                                                  (%)
                                         (R)
No. 1            465 000 000     414 630 000            89.17            89.17               0.00        0.00

No. 2            465 000 000     414 630 000            89.17            89.17               0.00        0.00



* In relation to the total number of debt securities voted in terms of the Consent Notice.

Following the above voting results, the requisite majorities were obtained and both resolutions have been
passed.



3 December 2024

Debt sponsor
Questco Proprietary Limited




                                                                                                            

Date: 03-12-2024 05:30:00
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