AECI LIMITED - DEALING IN SECURITIES BY A DIRECTOR

AECI LIMITED - DEALING IN SECURITIES BY A DIRECTOR                              
AECI LIMITED                                                                    
Incorporated in the Republic of South Africa                                    
(Registration No. 1924/002590/06)                                               
Share code:  AFE    ISIN No. ZAE000000220                                       
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with sections 3.63 - 3.74 of the Listings Requirements of the JSE 
Securities Exchange South Africa, the following information is disclosed:       
Director:                     Mr L C van Vught                                  
Company:                      AECI Limited                                      
Date of transaction:          23 December 2003                                  
Price:                        R33.50                                            
Number of shares:             78 480                                            
Value:                        R2 629 080                                        
Class of securities:          Ordinary shares                                   
Nature of transaction:        Exercise of options                               
Extent of interest:           Direct beneficial                                 
Clearance:                    Permission to deal in these shares has been       
                              obtained                                          
Director:                     Mr L C van Vught                                  
Company:                      AECI Limited                                      
Date of transaction:          23 December 2003                                  
Price:                        R33.51                                            
Number of shares:             10 901                                            
Value:                        R365 292.51                                       
Class of securities:          Ordinary shares                                   
Nature of transaction:        Exercise of options                               
Extent of interest:           Direct beneficial                                 
Clearance:                    Permission to deal in these shares has been       
                              obtained                                          
Director:                     Mr L C van Vught                                  
Company:                      AECI Limited                                      
Date of transaction:          23 December 2003                                  
Price:                        R33.52                                            
Number of shares:             10 000                                            
Value:                        R335 200                                          
Class of securities:          Ordinary shares                                   
Nature of transaction:        Exercise of options                               
Extent of interest:           Direct beneficial                                 
Clearance:                    Permission to deal in these shares has been       
                              obtained                                          
Director:                     Mr L C van Vught                                  
Company:                      AECI Limited                                      
Date of transaction:          23 December 2003                                  
Price:                        R33.53                                            
Number of shares:             619                                               
Value:                        R20 755.07                                        
Class of securities:          Ordinary shares                                   
Nature of transaction:        Exercise of options                               
Extent of interest:           Direct beneficial                                 
Clearance:                    Permission to deal in these shares has been       
obtained                                          

Woodmead, Sandton                                                               
23 December 2003                                                                
Date: 23/12/2003 03:35:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department