Acceptance of awards of performance shares AECI Limited (Incorporated in the Republic of South Africa) (Registration number 1924/002590/06) Share Code: AFE ISIN: ZAE000000220 (“AECI” or “the Company”) ACCEPTANCE OF AWARDS OF PERFORMANCE SHARES In compliance with the JSE Limited Listing Requirements, the following information is disclosed: LONG-TERM INCENTIVE PLAN (“LTIP”) In terms of the rules of the LTIP, participants were allocated performance shares in 2012 and 2013. These will convert into AECI ordinary shares and will vest after three years, subject to the performance conditions attached to each allocation being met. The performance shares were issued at the grant price as indicated and were accepted off- market on 20 November 2013 by the Company’s Executive Directors as follows: 2012 Executive Director No. of performance shares Grant price Value MA Dytor 11 230 R79,18 R889 191,40 KM Kathan 17 112 R79,18 R1 354 928,16 2013 Executive Director No. of performance shares Grant price Value MA Dytor 28 232 R109,37 R3 087 733,84 KM Kathan 26 197 R109,37 R2 865 165,89 Clearance has been obtained by both the above-mentioned Executive Directors for the acceptance of the awards. All interests are direct beneficial. Woodmead, Sandton 21 November 2013 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/11/2013 01:54:00 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.