Dealings in securities by directors, the group company secretary and prescribed officers AECI LIMITED Incorporated in the Republic of South Africa (Registration number: 1924/002590/06) Share code: AFE ISIN: ZAE000000220 Hybrid code: AFEP ISIN: ZAE000000238 Bond company code: AECI LEI: 3789008641F1D3D90E85 (AECI or the Company) DEALINGS IN SECURITIES BY DIRECTORS, THE GROUP COMPANY SECRETARY AND PRESCRIBED OFFICERS Acceptance of awards of performance shares: Long-term Incentive Plan (LTIP) In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements, the following information is disclosed: In terms of the standard rules of the Company’s LTIP, participants have been allocated a new award of performance shares in line with an annual process. These will convert into AECI ordinary shares and will vest three years after the grant date of 13 April 2023, 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 31 July 2023 as follows: Name Position and company No. of shares Grant price Value H Riemensperger Chief Executive, AECI 93 080 R91.6422 R8 530 056 KM Kathan Executive Director, AECI 61 409 R91.6422 R5 627 656 (Managing Director of AECI Mining Limited, a major subsidiary of AECI) C Singh Group Company Secretary, AECI 30 525 R91.6422 R2 797 378 DJ Mulqueeny Prescribed Officer, AECI 36 391 R91.6422 R3 334 951 DK Murray Prescribed Officer, AECI 35 677 R91.6422 R3 269 519 Clearance has been obtained from the Chairman in respect of the above transactions. All interests are direct beneficial. Woodmead, Sandton 1 August 2023 Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 01-08-2023 10:00:00 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.