Disclosure of significant holding of AECI ordinary shares 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”) DISCLOSURE OF SIGNIFICANT HOLDING OF AECI ORDINARY SHARES In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended (the “Companies Act”), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders and bondholders are advised that Coronation Asset Management Proprietary Limited (“Coronation”) has notified the Company that accounts under its management have increased its holding in the Company such that Coronation now holds 5,01% of the issued ordinary shares in the Company. As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice with the Takeover Regulation Panel. The Board of Directors of AECI accepts responsibility for the information contained in this announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such information relating to AECI is true and that this announcement does not omit anything likely to affect the importance of such information. Woodmead, Sandton 5 February 2021 Sponsor and Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 05-02-2021 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.