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

Friday, 4 May 2018

AECI Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/002590/06)
Share code: AFE   ISIN: ZAE000000220
Bond company code: AECI
("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 have been allocated a new award of performance shares.  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 4 May 2018 as follows:

Name Position and company   No. of shares   Grant price   Value
MA Dytor Chief Executive, AECI   62 474   R112,76   R7 044 568,24
KM Kathan Chief Financial Officer, AECI   46 200   R112,76   R5 209 512,00
EN Rapoo Group Company Secretary, AECI   15 378   R112,76   R1 734 023,28
EE Ludick Director of AECI Mining Solutions Limited, a major subsidiary of AECI   31 004   R112,76   R3 496 011,04

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

Woodmead, Sandton
4 May 2018

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


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