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DEALINGS IN SECURITIES BY DIRECTORS, GROUP COMPANY SECRETARY AND THE DIRECTOR OF A MAJOR SUBSIDIARY

Monday, 13 November 2017

AECI Limited
Incorporated in the Republic of South Africa
(Registration number 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
(“AECI” or “the Company”)

Acceptance of Awards of Performance Shares:  Long-term Incentive Plan (“LTIP”)

In compliance with the JSE Limited Listings Requirements, the following information is disclosed: In terms of the rules of the Company’s LTIP, participants were allocated performance shares in 2017.  These will convert into AECI ordinary shares and will vest after three years, subject to the performance conditions attached to each allocation being met.  The performance shares were issued at the grant price as indicated below and were accepted off-market on 10 November 2017 by the Company’s Directors, the Group Company Secretary and the Director of a major subsidiary as follows:

Name

Position and company

No. of shares

Grant price

Value

MA Dytor

Chief Executive,
AECI

43 766

R105,53

R4 618 625,98

KM Kathan

Chief Financial Officer,
AECI

35 215

R105,53

R3 716 238,95

EN Rapoo

Group Company
Secretary, AECI

10 811

R105,53

R1 140 884,83

EE Ludick

Director of AECI
Mining Solutions
Limited, a major
subsidiary of AECI

25 096

R105,53

R2 648 380,88

Clearance has been obtained by all the above-mentioned recipients for the acceptance of their awards.  All interests are direct beneficial.

Woodmead, Sandton
13 November 2017
Sponsor:  RAND MERCHANT BANK (A division of FirstRand Bank Limited


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