A E C I LIMITED - Change in the role of a director

Change in the role of a director

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 or the Group)

CHANGE IN THE ROLE OF A DIRECTOR

Shareholders and noteholders are referred to the announcement published on SENS on 3 May 2021, advising them
that Edwin Ludick has elected to take early retirement from AECI Mining and the Group on 31 December 2021.

AECI is pleased to announce the appointment of Mark Kathan, its current Chief Financial Officer (CFO), as his
successor. Mark has served as CFO since joining the Company and its Board of Directors (the Board) in an executive
capacity in 2008. He will remain on the Board but will relinquish his CFO role as soon as a suitable replacement has
been appointed. A process in this regard will commence immediately.

Mark, who is already a Director of AECI Mining, will assume responsibility for the execution of this business’ growth
strategy and day-to-day management from 1 January 2022.

AECI Mining is the Group’s largest and most internationalised business, with a footprint in 22 countries. Given the
knowledge and experience of this complex business that Mark has gained over 13 years, he is well placed to lead
AECI Mining on its continued growth trajectory.

The Board congratulates him on his appointment and looks forward to his ongoing contribution.

Woodmead, Sandton
9 September 2021

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

Date: 09-09-2021 03:30:00
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