NOTICE TO PREFERENCE SHAREHOLDERS - AECI

AECI LIMITED
(REG.NO.04/02590/06)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
NOTICE TO PREFERENCE SHAREHOLDERS DIVIDEND NO.120

NOTICE IS HEREBY GIVEN THAT ON 6 MARCH 1998 THE DIRECTORS OF AECI LIMITED
DECLARED A DIVIDEND AT THE RATE OF 5,5 PER CENT PER ANNUM FOR THE SIX MONTHS
ENDING 15 JUNE 1998 PAYABLE ON THAT DATE TO HOLDERS OF PREFERENCE SHARES
REGISTERED IN THE BOOKS OF THE COMPANY AT THE CLOSE OF BUSINESS ON 17 APRIL
1998.

THE DIVIDEND IS DECLARED IN UNITED KINGDOM CURRENCY AND CHEQUES IN PAYMENT WILL
BE POSTED FROM THE OFFICE OF THE TRANSFER SECRETARIES IN SOUTH AFRICA AND THE
UNITED KINGDOM ON 12 JUNE 1998.

DIVIDENDS PAYABLE FROM JOHANNESBURG WILL BE PAID IN SOUTH AFRICAN CURRENCY AT
THE RATE OF EXCHANGE RULING ON 11 MAY 1998.

DIVIDENDS PAYABLE FROM THE UNITED KINGDOM OFFICE WILL BE SUBJECT TO SUCH TAX
DEDUCTIONS AS ARE PRESCRIBED BY UNITED KINGDOM LEGISLATION UNLESS A CERTIFICATE
EXEMPTING THE SHAREHOLDER CONCERNED FROM SUCH TAX DEDUCTION IS RECEIVED BEFORE
THE CLOSING OF THE REGISTERS.

ANY CHANGE OF ADDRESS OR DIVIDEND INSTRUCTION MUST BE RECEIVED BEFORE THE
CLOSING OF THE REGISTERS.

THE TRANSFER BOOKS AND REGISTERS OF MEMBERS IN JOHANNESBURG AND THE UNITED
KINGDOM WILL BE CLOSED FROM 18 APRIL 1998 TO 30 APRIL 1998, BOTH DAYS INCLUSIVE
BY ORDER OF THE BOARD
M J F POTGIETER
SECRETARY
SANDTON
26 MARCH 1998
TRANSFER SECRETARIES:
CONSOLIDATED SHARE REGISTRARS LIMITED
41 FOX STREET, JOHANNESBURG
AND
COMPUTERSHARE SERVICES PLC
PO BOX 82
CAXTON HOUSE
REDCLIFFE WAY
BRISTOL BS997NH
ENGLAND