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

Dealings in securities by directors, group company secretary, director of a major subsidiary 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
(“AECI” or “the Company”)

DEALINGS IN SECURITIES BY DIRECTORS, GROUP COMPANY SECRETARY, DIRECTOR OF A MAJOR SUBSIDIARY AND PRESCRIBED OFFICERS

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 three years after the grant date of 15 April
2019, 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 24 May 2019 as follows:

Name               Position and
                   company                 No. of shares    Grant price        Value                   

MA Dytor           Chief Executive, AECI   70 494           R96,17             R6 779 407,98

KM Kathan          Chief Financial         48 531           R96,17             R4 667 226,27
                   Officer, AECI           
                   
EN Rapoo           Group Company           19 252           R96,17             R1 851 464,84
                   Secretary, AECI         
                   
EE Ludick          Director of AECI        32 632           R96,17             R3 138 219,44
                   Mining Solutions                                          
                   Limited, a major
                   subsidiary of AECI

DJ Mulqueeny       Prescribed Officer,     28 683           R96,17             R2 758 444,11                                          
                   AECI

DK Murray          Prescribed Officer,     28 313           R96,17             R2 722 861,21                                          
                   AECI

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


Woodmead, Sandton

27 May 2019
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

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