Dealings in securities on behalf of the AECI Long-Term Incentive Plan (“LTIP”) AECI LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1924/002590/06) Share code: AFE ISIN: ZAE000000220 (“AECI” or “the Company”) DEALINGS IN SECURITIES ON BEHALF OF THE AECI LONG-TERM INCENTIVE PLAN (“LTIP”) In compliance with the JSE Limited Listings Requirements, shareholders are advised that AECI had entered into an agreement with Avior Capital Markets Proprietary Limited, an independent third party broking firm (“Avior”) to purchase AECI ordinary shares (“Shares”) on behalf of the LTIP, in order to settle the obligations to its participants in respect of the Performance Shares (as defined in the rules of the LTIP) that vested on 28 June 2016, in a non-dilutive manner in accordance with the rules of the LTIP. The following information is disclosed in compliance with the JSE Limited Listings Requirements: Name of share scheme: The LTIP Company: AECI Nature of transaction: On-market purchase of Shares by Avior on behalf of the LTIP to settle the obligations to the LTIP participants Class of securities: Ordinary shares Date of transaction: 24 June 2016 Number of securities: 259 502 Purchase price per security: 8 496.90 cents Total value of transaction: R22 049 625.44 Extent of interest: Indirect non-beneficial (purchased by Avior via its proprietary trading account) Clearance to deal obtained: Yes Furthermore, the Company reminds shareholders of the following outstanding awards under the LTIP in respect of the Directors and Group Company Secretary: Performance Shares vested on 28 June 2016 in terms of the LTIP Name Position Number of Shares Mark Dytor Chief Executive 28 232 Mark Kathan Chief Financial Officer 26 197 Nomini Rapoo Group Company Secretary 4 183 Edwin Ludick Director of AEL Holdco Limited, a major subsidiary 5 969 Wayne Du Chenne Director of AEL Holdco Limited, a major subsidiary 3 116 Performance Shares allocated and due to vest on 30 June 2017, subject to the rules of the LTIP Name Position Number of Shares Mark Dytor Chief Executive 17 956 Mark Kathan Chief Financial Officer 13 724 Nomini Rapoo Group Company Secretary 3 606 Edwin Ludick Director of AEL Holdco Limited, a major subsidiary 6 084 Wayne Du Chenne Director of AEL Holdco Limited, a major subsidiary 3 195 Performance Shares allocated and due to vest on 30 June 2018, subject to the rules of the LTIP Name Position Number of Shares Mark Dytor Chief Executive 27 783 Mark Kathan Chief Financial Officer 20 453 Nomini Rapoo Group Company Secretary 5 574 Edwin Ludick Director of AEL Holdco Limited, a major subsidiary 10 785 Wayne Du Chenne Director of AEL Holdco Limited, a major subsidiary 5 687 Woodmead, Sandton 28 June 2016 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/06/2016 02:00:00 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.