A E C I LIMITED - Dealings in securities by directors, the group company secretary and the director of a major subsidiary

Dealings in securities by directors, the group company secretary and the director of a major subsidiary

AECI Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Bond company code: AECI
(“AECI” or “the Company”)

DEALINGS IN SECURITIES BY DIRECTORS, THE GROUP COMPANY SECRETARY AND THE
DIRECTOR 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 have been allocated a new award of
performance shares. 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 4 May 2018 as
follows:

Name             Position and
                                      No. of shares           Grant price        Value
                 company

MA Dytor         Chief Executive,
                                      62 474                  R112,76            R7 044 568,24
                 AECI

KM Kathan        Chief Financial
                                      46 200                  R112,76            R5 209 512,00
                 Officer, AECI

EN Rapoo         Group Company
                                      15 378                  R112,76            R1 734 023,28
                 Secretary, AECI

EE Ludick        Director of AECI
                 Mining Solutions
                                      31 004                  R112,76            R3 496 011,04
                 Limited, a major
                 subsidiary of AECI

Clearance has been obtained by all the above-mentioned recipients for the acceptance of their
awards. All interests are direct beneficial.

Woodmead, Sandton
4 May 2018
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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