A E C I LIMITED - Dealings in securities by a director, prescribed officers and the group company secretary

Dealings in securities by a director, prescribed officers and the group company secretary

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 A DIRECTOR, PRESCRIBED OFFICERS AND THE GROUP COMPANY SECRETARY

In compliance with paragraphs 6.77 to 6.83 of the JSE Listings Requirements, the following information is disclosed:

Acceptance of awards of performance shares: Long-term Incentive Plan (LTIP)
In terms of the standard rules of the Company's LTIP, participants have been allocated new awards of performance
shares in line with an annual award process. These will convert into AECI ordinary shares and will vest three years
after the grant date, on 31 March 2029, subject to the performance conditions attached to each allocation being met.

The awards of performance shares were accepted by the relevant participants on 8 May 2026, and the performance
shares were issued on the same date at the grant price of R111.27 per share, as follows:
   
Name                                                                        Number of
                     Position and company                          performance shares                     Value
                                                                  
Ian Kramer           Chief Financial Officer, AECI                             55 709             R6 198 740.43

Dean Murray          Prescribed Officer, AECI (Interim Chief
                     Executive Officer)                                        50 568             R5 626 701.36
                 
Stuart Miller        Prescribed Officer, AECI (Executive Vice                  54 800             R6 097 596.00
                     President, AECI Mining)

Cheryl Singh         Group Company Secretary, AECI                             31 715             R3 528 928.05

The abovementioned transactions, for which the prescribed clearance was granted in terms of paragraph 6.83 of the
JSE Listings Requirements, were effected off-market. All participants have a direct beneficial interest.

Woodmead, Sandton
8 May 2026


Equity Sponsor: One Capital

Debt Sponsor: Questco Proprietary Limited

Date: 08-05-2026 04:45:00
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