Appointment Of Executive Director And Chief Executive AECI LIMITED Incorporated in the Republic of South Africa (Registration No. 1924/002590/06) Share code: AFE ISIN No. ZAE000000220 (“AECI” or “the Company” or “the Group”) APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE Shareholders were advised in AECI’s SENS announcement of 25 July 2012 that Graham Edwards intends retiring from his position as Chief Executive of the Company. The date of his retirement has now been confirmed as 28 February 2013. The Board of Directors (“the Board”) acknowledges Graham’s service to the Group during his 34-year career and thanks him for his contribution to the Board since his appointment as an Executive Director in 2007 and Chief Executive in March 2008. AECI is pleased to announce that Mark Dytor (51) will succeed Graham as Chief Executive, with effect from 1 March 2013. Mark will join the Board as an Executive Director on 2 January 2013 and Graham will remain at AECI until end-March 2013 to assist with the handover of his responsibilities. Mark Dytor currently holds a portfolio of Chairmanships at companies in AECI’s specialty chemicals cluster and he has been leading the Company’s strategic growth thrust in mining chemicals. Having joined Chemical Services Limited (“Chemserve”) as a sales representative in 1984, and after managing two Chemserve companies, Mark was appointed to Chemserve’s Executive Committee in 1998 and subsequently to its Board. He was appointed to AECI’s Executive Committee in 2010. Within the AECI Group, Mark is also a Non-Executive Director of AEL Mining Services Limited. My fellow Board members join me in congratulating him on his appointment and we look forward to his input as AECI continues to pursue its strategy of being the supplier of choice for explosives and specialty chemicals in Africa and in other developing markets. Schalk Engelbrecht Chairman Woodmead, Sandton 28 November 2012 Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 28/11/2012 08:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.