AFE - AECI Limited - Retirement Of A Director

AFE - AECI Limited - Retirement Of A Director                                   
AECI LIMITED                                                                    
Incorporated in the Republic of South Africa                                    
(Registration No. 1924/002590/06)                                               
Share code   AFE     ISIN No.  ZAE000000220                                     
("AECI" or "the Company")                                                       
RETIREMENT OF A DIRECTOR                                                        
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
notification is hereby given that Mr L C (Lex) van Vught will retire as a non-  
executive director of AECI, with effect from 31 December 2008.                  
Lex has had 40 years` involvement with AECI, including five years as its chief  
executive from 1998 to 2003.  During that period, his leadership in transforming
the Company from an unfocused collection of largely commodity-based businesses  
to a specialty product and service solutions entity, was exemplary.  AECI`s     
Board of directors acknowledges Lex`s contribution in this regard and thanks him
for the value that his insight and experience continued to add as a non-        
executive director.                                                             
Woodmead, Sandton                                                               
2 December 2008                                                                 
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)              
Date: 02/12/2008 10:00:02 Supplied by www.sharenet.co.za                     
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