Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the “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 (THE “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 30 June 2017, 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: 26 June 2017 27 June 2017 28 June 2017 29 June 2017 Number of securities: 10 953 21 664 112 208 259 762 Volume weighted average 10 706,72 10 823,04 10 848,87 10 843,03 purchase price per security cents cents cents cents Highest purchase price per 10 787,00 10 907,00 10 925,00 11 010,00 security: cents cents cents cents Lowest purchase price per 10 589,00 10 700,00 10 680,00 10 687,00 security: cents cents cents cents Total value of transaction: R1 174 938,06 R2 346 062,80 R12 184 943,87 R28 285 110,12 Extent of interest: Indirect non-beneficial (purchased by Avior via its proprietary trading account) Clearance to deal Yes, previously obtained at date of acceptance of obtained: award The Company also advises shareholders of the following awards under the LTIP in respect of the Directors and the Group Company Secretary that vested on 30 June 2017: Name Position Number of Shares Mark Dytor Chief Executive 32 321 Mark Kathan Chief Financial Officer 24 703 Nomini Rapoo Group Company Secretary 6 491 Edwin Ludick Director of AEL Mining Solutions Limited, a major 10 951 subsidiary Woodmead, Sandton 30 June 2017 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30/06/2017 03:00:00 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.