ANNUAL FINANCIAL STATEMENTS

THE BOARD ASKED THAT AECI'S BUSINESSES "MAINTAIN MARKET SHARE AND MARGINS THROUGH CONTINUED EXCELLENT SERVICE". OVERALL, MARKET SHARE WAS AT LEAST MAINTAINED AND WAS INCREASED IN SOME INSTANCES. ALTHOUGH CHEMSERVE'S MARGINS WERE DEPRESSED IN THE FIRST SIX MONTHS, PERFORMANCE IN THE SECOND HALF WAS MORE IN LINE WITH THAT OF PREVIOUS YEARS. AEL ALSO IMPROVED ITS MARGINS AND GREW MARKET SHARE THANKS TO ITS INTERNATIONAL EXPANSION.

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Approval of annual financial statements

The following reports and statements have been approved by the Board of directors:

Values and profile
Corporate governance
Review of operations
Corporate citizenship
Directors' report
Audit and Risk Committee's report
Remuneration report
Basis of reporting
Significant accounting policies
Statements of financial position
Income statements
Statements of comprehensive income
Statements of changes in equity
Statements of cash flow
Notes to the statements of cash flow
Notes to the financial statements

For and on behalf of the Board

Fani Titi

Chairman

Graham Edwards

Chief executive
Woodmead, Sandton

30 March 2010