Change to the board: resignation of a non-executive director 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") CHANGE TO THE BOARD: RESIGNATION OF A NON-EXECUTIVE DIRECTOR Shareholders and noteholders are advised that Mr Jonathan Molapo has resigned from his position as a Non- executive Director of the Company and a member of the Social and Ethics Committee owing to the demands of his responsibilities as the Chief Executive Officer of Astron Energy Proprietary Limited. His resignation is effective immediately. Jonathan joined the AECI Board on 1 June 2018 and the Board thanks him for his contribution during his tenure. Woodmead, Sandton 24 November 2020 Sponsor and debt sponsor: Rand Merchant Bank (A Division of FirstRand Bank Limited) Date: 24-11-2020 12:30:00 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.