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
LEI: 3789008641F1D3D90E85
(AECI)

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

In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements, shareholders and
noteholders are advised that AECI had entered into an agreement with Investec Bank Limited (Investec), 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 will vest on 16 April 2021, 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 Investec on behalf of the LTIP to settle
                                         the obligations to the LTIP participants
Class of securities:                     Ordinary shares
Extent of interest:                      Indirect non-beneficial (purchased by Investec acting as agent on behalf of
                                         the AECI LTIP vesting account)
Clearance to deal obtained:              Yes

Date of                No. of shares   VWAP            Price            Price            Value of
transaction            acquired                        High             Low              transaction
12 March 2021          54 783          R99,9696        R100,9400        R98,2300         R5 476 634,60
15 March 2021          23 527          R100,7879       R101,1100        R100,0700        R2 371 237,35
16 March 2021          36 197          R100,8518       R101,6900        R99,6800         R3 650 532,60
17 March 2021          36 694          R101,7169       R102,7200        R98,0500         R3 732 399,93


Woodmead, Sandton
18 March 2021

Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 18-03-2021 11:00:00
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