A E C I LIMITED - Trading statement

Trading statement

AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE     ISIN No. ZAE000000220
(“AECI” or “the Company”)


TRADING STATEMENT

In compliance with the JSE Limited (“JSE”) Listings Requirements shareholders are advised that,
for the half-year ending 30 June 2013 (“the period”), AECI’s earnings per share (“EPS”) and
headline earnings per share (“HEPS”) are expected to be at least 150% higher than the prior
corresponding period due mainly to the following:

- the non-recurrence of the R138 million (123 cents per share) once-off, non-cash IFRS 2
charge associated with the AECI Community Education and Development Trust established as
part of the Company’s Broad-based Black Economic Empowerment transactions effected in the
prior corresponding period; and
- an improved year-to-date performance from AEL Mining Services Limited, a principal
subsidiary, as well the non-recurrence of costs incurred by this business during the first half of
2012 as a result of ammonia and ammonium nitrate supply constraints.


A range as required by the JSE Listings Requirements cannot be determined with reasonable
certainty at this stage. Shareholders are advised that a further trading statement will be
released on the Stock Exchange News Service (“SENS”), providing earnings forecast ranges for
EPS and HEPS, when the Company is in a position to do so.

AECI’s results for the period are expected to be released on SENS on or about Wednesday,
24 July 2013.

The forecast financial information on which this trading statement is based has not been
reviewed and reported on by the Company’s external auditors.



Woodmead, Sandton
31 May 2013

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 31/05/2013 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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