A E C I LIMITED - Dealings in securities by directors, a director of a major subsidiary, the acting group company secretary and POs

Dealings in securities by directors, a director of a major subsidiary, the acting group company secretary and POs

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)

DEALINGS IN SECURITIES BY DIRECTORS, A DIRECTOR OF A MAJOR SUBSIDIARY, THE ACTING GROUP COMPANY
SECRETARY AND PRESCRIBED OFFICERS

Acceptance of awards of performance shares: Long-term Incentive Plan (LTIP)

In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements, the following
information is disclosed:

In terms of the standard rules of the Company’s LTIP, participants have been allocated a new award of
performance shares in line with an annual process. These will convert into AECI ordinary shares and will vest three
years after the grant date of 15 April 2021, subject to the performance conditions attached to each allocation being
met. The performance shares were issued at the grant price as indicated below and were accepted off-market on
30 April 2021 as follows:

Name                Position and company              No. of shares        Grant price           Value

MA Dytor            Chief Executive, AECI             78 636               R97,26                R7 648 137,36

KM Kathan           Chief Financial Officer, AECI     52 388               R97,26                R5 095 256,88

EE Ludick           Director of AECI Mining Limited,  34 982               R97,26                R3 402 349,32
                    a major subsidiary of AECI

WJ Strydom          Acting Group Company              6 350                R97,26                R617 601,00
                    Secretary, AECI

DJ Mulqueeny        Prescribed Officer, AECI          30 782               R97,26                R2 993 857,32

DK Murray           Prescribed Officer, AECI          30 745               R97,26                R2 990 258,70

CBH Watson          Prescribed Officer, AECI          26 505               R97,26                R2 577 876,30


Clearance has been obtained by all the above-mentioned recipients for the acceptance of their awards. All
interests are direct beneficial.

Woodmead, Sandton
30 April 2021

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

Date: 30-04-2021 10:30:00
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