Dealings in securities by directors, company secretary and directors of a major subsidiary 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 BY DIRECTORS, COMPANY SECRETARY AND DIRECTORS OF A MAJOR SUBSIDIARY Acceptance of Awards of Performance Shares: Long-term Incentive Plan (“LTIP”) In compliance with the JSE Limited Listings Requirements, the following information is disclosed: In terms of the rules of the Company’s LTIP, participants were allocated performance shares in 2016. 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 below and were accepted off-market on 9 September 2016 by the Company’s Directors, the Group Company Secretary and Directors of a major subsidiary as follows: Name Position and company No. of shares Grant price Value MA Dytor Chief Executive, AECI 28 049 R86,78 R2 434 092,22 KM Kathan Chief Financial Officer, AECI 20 650 R86,78 R1 792 007,00 EN Rapoo Group Company Secretary, AECI 5 310 R86,78 R460 801,80 WL Du Chenne Director of AEL Holdco Limited, a major subsidiary of 4 904 R86,78 R425 569,12 AECI R Fernandes Director of AEL Holdco Limited, a major subsidiary of 4 958 R86,78 R430 255,24 AECI EE Ludick Director of AEL Holdco Limited, a major subsidiary of 10 615 R86,78 R921 169,70 AECI Clearance has been obtained by all the above-mentioned recipients for the acceptance of their awards. All interests are direct beneficial. Woodmead, Sandton 9 September 2016 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited Date: 09/09/2016 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.