Dealings in securities by a director of a major subsidiary 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 BY A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements (Listings Requirements), shareholders and noteholders are advised of the following dealings in AECI’s securities: Name: Edwin Ludick Position and company Director of AECI Mining Limited, a major subsidiary of AECI Class of securities Ordinary shares Nature of transactions On-market sale of ordinary shares Extent of interest Direct beneficial Clearance to deal obtained Clearance was obtained from the Chairman of AECI Date of transaction 8 April 2021 Number of securities 1 971 Price per security R97,9000 (single trade) Value of transaction R192 960,90 Date of transaction 9 April 2021 Number of securities 38 001 Highest price R97,9000 Lowest price R96,8100 Volume weighted average price R96,9585 Value of transaction R3 683 699,14 Total value of transactions R3 876 660,04 Woodmead, Sandton 12 April 2021 Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 12-04-2021 03:30:00 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.