A E C I LIMITED - Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the LTIP)

Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the “LTIP”)

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
("AECI")

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

In compliance with the JSE Limited Listings Requirements ("Listings Requirements"), shareholders are
advised that AECI had entered into an agreement with Avior Capital Markets Proprietary Limited ("Avior"),
an independent third party broking firm, 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 vest on 30 June 2019, in a non-dilutive manner in accordance with the rules of the
LTIP.

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

Name of share scheme:                      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:                       14 June 2019
Number of securities:                      13 126
Volume weighted average purchase           9 363,02 cents
price per security:
Highest purchase price per security:       9 385, 00 cents
Lowest purchase price per security:        9 317, 00 cents
Total value of transaction:                R1 228 990,01

Date of transaction:                       18 June 2019
Number of securities:                      54 943
Volume weighted average purchase           9 356,68 cents
price per security:
Highest purchase price per security:       9 440,00 cents
Lowest purchase price per security:        9 328,00 cents
Total value of transaction:                R5 140 840,69
                                           
Date of transaction:                       19 June 2019
Number of securities:                      47 551
Volume weighted average purchase           9 391,62 cents
price per security:
Highest purchase price per security:       9 454,00 cents
Lowest purchase price per security:        9 341,00 cents
Total value of transaction:                R4 465 809,23

Date of transaction:                       20 June 2019
Number of securities:                      38 346
Volume weighted average purchase           9 433,44 cents
price per security:
Highest purchase price per security:       9 499,00 cents
Lowest purchase price per security:        9 159,00 cents
Total value of transaction:                R3 617 346,90

Date of transaction:                       21 June 2019
Number of securities:                      187 126
Volume weighted average purchase           9 416,91 cents
price per security:
Highest purchase price per security:       9 500,00 cents
Lowest purchase price per security:        9 400,00 cents
Total value of transaction:                R17 621 487,01

Date of transaction:                       24 June 2019
Number of securities:                      39 876
Volume weighted average purchase           9 397,57 cents
price per security:
Highest purchase price per security:       9 422,00 cents
Lowest purchase price per security:        9 332,00 cents
Total value of transaction:                R3 747 375,01

Date of transaction:                       25 June 2019
Number of securities:                      95 533
Volume weighted average purchase           9 309,06 cents
price per security:
Highest purchase price per security:       9 315,83 cents
Lowest purchase price per security:        9 305,00 cents
Total value of transaction:                R8 893 224,29

Extent of interest:                        Indirect non-beneficial (purchased by
                                           Avior acting as agent on behalf of the
                                           AECI LTIP vesting account)
Clearance to deal obtained:                Yes

Woodmead, Sandton
27 June 2019

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/06/2019 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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