OVERVIEW

AECI'S CHAIRMAN, IN HIS LETTER TO SHAREHOLDERS IN THE 2008 ANNUAL REPORT, NOTED THAT "2009 WILL BE A CHALLENGING YEAR WITH MUCH UNCERTAINTY AND, THEREFORE, THE PRESERVATION OF CASH WILL BE A PRIORITY." THE BOARD REQUESTED THAT AECI'S MANAGEMENT CONCENTRATE ON FOUR KEY AREAS TO STEER THE COMPANY THROUGH THE ECONOMIC CRISIS. STRATEGIES IN THIS REGARD, SUMMARIES ON HOW THEY WERE APPLIED, AND THE RESULTS THEREOF, ARE PROVIDED IN THE INTRODUCTIONS TO CORPORATE GOVERNANCE, THE REVIEW OF OPERATIONS, CORPORATE CITIZENSHIP AND THE ANNUAL FINANCIAL STATEMENTS.

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EXECUTIVE COMMITTEE

EXECUTIVE DIRECTORS

		GRAHAM EDWARDS (55) BSc (Mech Eng), BCom, MBA, PhD, Pr Eng He is AECI's chief executive, which position he took up in 2008. Prior to this, he was managing director of AEL Mining Services (AEL) and he has also served as chairman of the DetNet joint venture. An executive director of AECI since 2007, Graham joined the Group as a design engineer in 1978 and worked in production, engineering, buying and strategic planning. He was appointed managing director of AEL in 1999.

		FRANK BAKER (56) BSc (Chem Eng) Frank was appointed to AECI's Board in an executive capacity in 2007. He took up his position as managing director of Chemical Services Limited (Chemserve) in 2003. Frank joined AECI in 1976 and, having moved to Chemserve in a management position in 1993, he joined that company's executive committee in 1998 and its board in 1999. From 1993 to 2003 he managed several subsidiaries within the Chemserve group. He will retire from Chemserve and from the AECI Board on 31 March 2010.

		MARK KATHAN (39) CA(SA) Mark joined AECI in 2008 as financial director and chief financial officer. Prior to his AECI appointment, he had worked for 11 years at a JSE Limited-listed global packaging company where he held a senior finance position and was a member of that company's executive. He has experience in a broad spectrum of finance and business disciplines in South Africa and the rest of Africa.

OTHER EXECUTIVE COMMITTEE MEMBERS

		ANTHONY DIEPENBROEK (53) BSc (Civil Eng), MBA, Pr Eng He joined the Group as managing director of Heartland, and an AECI Executive Committee member, in 2008. Anthony has more than 20 years' experience in property- and development-related fields. These include construction and project management; sales and marketing; infrastructure and facilities planning; and the management of property portfolios, assets and property investment funds at executive level. He has also served as managing director of other JSE Limited-listed entities in the property sector.

		TOBIE LOUW (47) BSc (Eng) Tobie joined AEL in 1988 and he returned to this company as managing director in 2008. He also joined AECI's Executive Committee at that time. Tobie left the AECI Group in 1996, returning to Chemserve in 2000 as managing director of Lake International. In 2005, he was appointed to Chemserve's executive committee and became managing director of Chemserve Systems. He joined the Chemserve board in 2007.