Early retirement of a Director of AECI Mining Limited, a major subsidiary of AECI 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 or the Group) EARLY RETIREMENT OF A DIRECTOR OF AECI MINING LIMITED, A MAJOR SUBSIDIARY OF AECI Edwin Ludick, a Director of AECI Mining Limited, has advised the Board of Directors of AECI (the Board) of his intention to take early retirement at the end of the Company’s financial year (31 December 2021). Edwin has served the Group for 30 years and has held his current position since 2015. He joined Chemical Services Limited as a Human Resources Manager in 1991 and ultimately served on that company’s Executive Committee and board before joining AECI’s Executive Committee in 2010. During his career he has held positions as Managing Director and Chairman at a number of AECI entities. The Board and Edwin’s fellow AECI Executive Committee colleagues thank him for his valuable contribution over three decades and wish him well in his retirement. A process to appoint a suitable successor will commence immediately. Woodmead, Sandton 3 May 2021 Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 03-05-2021 03:45:00 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.