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DEALINGS IN SECURITIES ON BEHALF OF THE AECI LONG-TERM INCENTIVE PLAN ("LTIP")

Tuesday, 28 June 2016
AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
   Share code: AFE
ISIN: ZAE000000220
(“AECI” or “the Company”)


In compliance with the JSE Limited Listings Requirements, shareholders are advised that AECI had entered into an agreement with Avior Capital Markets Proprietary Limited, an independent third party broking firm (“Avior”) to purchase AECI ordinary shares (“Shares”) on behalf of the LTIP, in order to settle the obligations to its participants in respect of the Performance Shares (as defined in the rules of the LTIP) that vested on 28 June 2016, in a non-dilutive manner in accordance with the rules of the LTIP.

The following information is disclosed in compliance with the JSE Limited Listings Requirements:

Name of share scheme: The LTIP
Company: AECI
Nature of transaction: On-market purchase of Shares by Avior on behalf of the LTIP to settle the obligations to the LTIP participants
Class of securities: Ordinary shares
Date of transaction: 24 June 2016
Number of securities: 259 502
Purchase price per security: 8 496.90 cents
Total value of transaction: R22 049 625.44
Extent of interest: Indirect non-beneficial (purchased by Avior via its proprietary trading account)
Clearance to deal obtained: Yes

Furthermore, the Company reminds shareholders of the following outstanding awards under the LTIP in respect of the Directors and Group Company Secretary:

Performance Shares vested on 28 June 2016 in terms of the LTIP

Name Position Number of Shares
Mark Dytor Chief Executive 28 232
Mark Kathan Chief Financial Officer 26 197
Nomini Rapoo Group Company Secretary 4 183
Edwin Ludick Director of AEL Holdco Limited, a major subsidiary 5 969
Wayne Du Chenne Director of AEL Holdco Limited, a major subsidiary 3 116


Performance Shares allocated and due to vest on 30 June 2017, subject to the rules of the LTIP

Name Position Number of Shares
Mark Dytor Chief Executive 17 956
Mark Kathan Chief Financial Officer 13 724
Nomini Rapoo Group Company Secretary 3 606
Edwin Ludick Director of AEL Holdco Limited, a major subsidiary 6 084
Wayne Du Chenne Director of AEL Holdco Limited, a major subsidiary 3 195


Performance Shares allocated and due to vest on 30 June 2018, subject to the rules of the LTIP

Name Position Number of Shares
Mark Dytor Chief Executive 27 783
Mark Kathan Chief Financial Officer 20 453
Nomini Rapoo Group Company Secretary 5 574
Edwin Ludick Director of AEL Holdco Limited, a major subsidiary 10 785
Wayne Du Chenne Director of AEL Holdco Limited, a major subsidiary 5 687

Woodmead, Sandton

28 June 2016

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)


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