A E C I LIMITED - Dealings in securities by director, group company secretary, director of a major subsidiary and prescribed officer

Dealings in securities by director, group company secretary, director of a major subsidiary and prescribed officer

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" or "the Company")

DEALINGS IN SECURITIES BY DIRECTOR, GROUP COMPANY SECRETARY, DIRECTOR OF A MAJOR SUBSIDIARY AND PRESCRIBED OFFICER

In compliance with JSE Limited Listings Requirements, shareholders are advised of the following sales under
the AECI Long-term Incentive Plan (“LTIP”) in respect of the awards that vested on 30 June 2019:

Name:                                    Mark Dytor
Position and company:                    Chief Executive, AECI
Date of transaction:                     24 July 2019
Nature of transaction:                   On-market sale of ordinary shares to settle the tax obligations
                                         arising from the LTIP
Number of securities:                    17 463
Class of securities:                     Ordinary shares
Price per security:                      9 316.41 cents
Total value of transaction:              R1 626 924.68
Highest price                            9 354,00 cents
Lowest price                             9 300,00 cents
Extent of interest:                      Direct beneficial
Clearance to deal obtained:              Yes

Name:                                    Edwin Ludick
Position and company:                    Director, AECI Mining Solutions Limited (a major subsidiary)
Date of transaction:                     24 July 2019
Nature of transaction:                   On-market sale of ordinary shares to settle the tax obligations
                                         arising from the LTIP
Number of securities:                    5 851
Class of securities:                     Ordinary shares
Price per security:                      9 316,41 cents
Total value of transaction:              R545 103,15
Highest price                            9 354,00 cents
Lowest price                             9 300,00 cents
Extent of interest:                      Direct beneficial
Clearance to deal obtained:              Yes

Name:                                    Dean Murray
Position and company:                    Prescribed Officer, AECI
Date of transaction:                     24 July 2019
Nature of transaction:                   On-market sale of ordinary shares to settle the tax obligations
                                         arising from the LTIP
Number of securities:                    3 884
Class of securities:                     Ordinary shares
Price per security:                      9 316,41 cents
Total value of transaction:              R361 849.36
Highest price                            9 354,00 cents
Lowest price                             9 300,00 cents
Extent of interest:                      Direct beneficial
Clearance to deal obtained:              Yes

Name:                                    Nomini Rapoo
Position and company:                    Group Company Secretary, AECI
Date of transaction:                     24 July 2019
Nature of transaction:                   On-market sale of ordinary shares to settle the tax obligations
                                         arising from the LTIP
Number of securities:                    3 356
Class of securities:                     Ordinary shares
Price per security:                      9 316,41 cents
Total value of transaction:              R312 658,72
Highest price                            9 354,00 cents
Lowest price                             9 300,00 cents
Extent of interest:                      Direct beneficial
Clearance to deal obtained:              Yes


Woodmead, Sandton
29 July 2019

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

Date: 29/07/2019 10:30:00
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