A E C I LIMITED - Dealing in securities by a director

Dealing in securities by a 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)

Dealing in securities by a director

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited ("JSE") Listings Requirements and paragraphs 6.42 to 6.53
of the JSE Debt Listings Requirements, shareholders and noteholders are advised of the following dealing in AECI
securities:

 Name:                                     Holger Riemensperger
 Position and company:                     Chief Executive, AECI
 Date of transaction:                      13 November 2023
 Class of securities:                      Ordinary shares
 Nature of transaction:                    On-market purchase of ordinary shares
 Number of securities:                     2 000,00
 Purchase price per security:              R109,77*
 Total value of transaction:               R219 540,00*
 Extent of interest:                       Direct beneficial
 Clearance to deal obtained:               Yes

 *Calculated at an exchange rate of €1 = ZAR 19.958 as at 13 November 2023

Woodmead, Sandton
16 November 2023

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

Date: 16-11-2023 03:00:00
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