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 (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
    25 March 2021                  66 417      R101,6477     R102,1600          R101,0400          R6 751 135,29
    26 March 2021                  49 193      R102,1364     R103,0200          R100,9900          R5 024 394,79

Woodmead, Sandton
29 March 2021

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

Date: 29-03-2021 10:30:00
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