A E C I LIMITED - Dealings in securities by directors, the group company secretary and prescribed officers

Dealings in securities by directors, the group company secretary and prescribed officers

AECI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(AECI or the Company)

DEALINGS IN SECURITIES BY DIRECTORS, THE GROUP COMPANY SECRETARY AND PRESCRIBED OFFICERS

Acceptance of awards of performance shares: Long-term Incentive Plan (LTIP)

In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements, the following
information is disclosed:

In terms of the standard rules of the Company's LTIP, participants have been allocated a new award of
performance shares in line with an annual process. These will convert into AECI ordinary shares and will vest three
years after the grant date of 12 April 2024, 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
25 April 2024 as follows:

Name                Position and company             No. of shares        Grant price          Value

H Riemensperger     Chief Executive, AECI            120,323              R93.2500             R11,220,119.75

R Gabriels          Chief Financial Officer, AECI    69,668               R93.2500             R6,496,541.00

C Singh             Group Company Secretary, AECI    31,758               R93.2500             R2,961,433.50

DK Murray           Prescribed Officer, AECI         38,103               R93.2500             R3,553,104.75


Clearance has been obtained from the Chairman in respect of the above transactions. All interests are direct
beneficial.

Woodmead, Sandton
26 April 2024

Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 26-04-2024 09:00:00
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