Exercise of options and subsequent sale of shares by director

Director: 

Mr S Engelbrecht

Company:

AECI Limited

Date of transaction:

2 December 2008

Nature of transaction:

Exercise of options

Class of securities:

Options in respect of ordinary shares

Number of options exercised:

40,000

Option strike price:   

R17.50

Date option issued:

2 January 2002

Value of transaction:

R700,000

Date of transaction:

2 December 2008

Nature of transaction
Class of securities
Number of shares sold:

Sale of shares
Ordinary shares
25,304

Selling price:

R45.1422

Value of transaction:

R1,142,278

Nature of director’s interest:

Direct beneficial

Clearance obtained:

Yes, from Chairman