A E C I LIMITED - Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the LTIP)

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
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(“AECI”)

DEALINGS IN SECURITIES ON BEHALF OF THE AECI LONG-TERM INCENTIVE PLAN (THE “LTIP”)

In compliance with the JSE Limited Listings Requirements (“Listings Requirements”), shareholders and noteholders
are advised that AECI had entered into an agreement with Investec Bank Limited (“Investec”), an independent third
party broking firm, 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 2020, in a non-dilutive manner in accordance with the rules of the LTIP.

Shares were purchased in terms of an approved share purchase programme, with binding instructions having been
provided to the broker ahead of the closed or prohibited period.

The following information is disclosed in compliance with the Listings Requirements:

Name of share scheme:                    LTIP
Company:                                 AECI
Nature of transaction:                   On-market purchase of Shares by Investec on behalf of the LTIP to settle
                                         the obligations to the LTIP participants
Class of securities:                     Ordinary shares
Extent of interest:                      Indirect non-beneficial (purchased by Investec acting as agent on behalf of
                                         the AECI LTIP vesting account)
Clearance to deal obtained:              Yes

Date of               No. of shares                       Price       Price           Value of
transaction           acquired            VWAP (R)        High (R)    Low (R)         transaction (R)
15 July 2020          63 389              82,78           83,00       82,07           5 247 341
16 July 2020          63 348              82,51           82,82       82,14           5 226 843
17 July 2020          29 687              81,56           82,99       79,42           2 421 272
20 July 2020          54 477              79,58           80,70       78,85           4 335 280


Woodmead, Sandton
21 July 2020

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

Date: 21-07-2020 11:00:00
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