AECI - NOTICE OT PREFERENCE SHAREHOLDERS - DIVIDEND NO. 122

AECI LIMITED
(REG. NO. 04/02590/06)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
NOTICE TO PREFERENCE SHAREHOLDERS
DIVIDEND NO.122

NOTICE IS HEREBY GIVEN THAT ON 22 FEBRUARY 1999 THE DIRECTORS OF AECI LIMITED
DECLARED A DIVIDEND AT THE RATE OF 5,5 PER CENT (11 CENTS) PER ANNUM FOR THE
SIX MONTHS ENDING 15 JUNE 1999 PAYABLE ON THAT DATE TO HOLDERS OF PREFERENCE
SHARES REGISTERED IN THE BOOKS OF THE COMPANY AT THE CLOSE OF BUSINESS ON 7 MAY
1999.

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 11 JUNE 1999.

DIVIDENDS PAYABLE FROM JOHANNESBURG WILL BE PAID IN SOUTH AFRICAN CURRENCY AT
THE RATE OF EXCHANGE RULING ON 10 MAY 1999.

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 8 MAY 1999 TO 21 MAY 1999, BOTH DAYS INCLUSIVE.
BY ORDER OF THE BOARD
MJF POTGIETER
SECRETARY
WOODMEAD
SANDTON
16 APRIL 1999
TRANSFER SECRETARIES:
CONSOLIDATED SHARE REGISTRARS LIMITED
41 FOX STREET, JOHANNESBURG AND
COMPUTERSHARE SERVICES PLC
PO BOX 82
CAXTON HOUSE
REDCLIFFE WAY
BRISTOL BS 99 7 KH
ENGLAND