Notice to preference shareholders - dividend no. 131

AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code:  AFEP     ISIN No. ZAE000000238

NOTICE IS HEREBY GIVEN that on Monday, 17 November 2003 the directors of AECI Limited declared a dividend at the rate of 5.5 per cent per annum for the six months ending Monday, 15 December 2003 payable on Monday, 15 December 2003 to holders of preference shares recorded in the books of the Company at the close of business on Friday, 12 December 2003.

The last day to trade cum dividend will be Friday, 5 December 2003, and shares will commence trading ex dividend from Monday, 8 December 2003.

The dividend is declared in pound sterling and payment will be made from the offices of the transfer secretaries in South Africa and the United Kingdom on Monday, 15 December 2003.

Dividends payable from South Africa will be paid in South African currency at the rate of 32.00209 cents per share in accordance with the exchange rate ruling on Monday, 10 November 2003 (1 pound sterling = R11.63713).

Dividends payable from the United Kingdom office will be subject to such tax deductions as are prescribed by United Kingdom legislation unless a certificate exempting the shareholder concerned from such tax deduction is received before Friday, 5 December 2003.

Any change of address or dividend instruction must be received before Friday, 5 December 2003.

Share certificates may not be dematerialised or rematerialised from Monday, 8 December 2003, to Friday, 12 December 2003, both days inclusive.

By order of the Board
MJF Potgieter
Secretary

Woodmead, Sandton
18 November 2003

Transfer secretaries
Computershare Limited
70 Marshall Street, Johannesburg, 2001
and
Computershare Investor Services PLC
PO Box 82, The Pavilions, Bridgwater Road
Bristol BS99 7NH, England

Sponsor
JP Morgan

Date: 18/11/2003 07:00:24 AM Produced by the JSE SENS Department