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AECI Limited - Dealings in Securities re LTIP

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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 transaction

No. of shares acquired

VWAP

Price
High

Price
Low

Value of transaction

18 March 2021

64 634

R101,7130

R103,7200

R100,6200

R6 574 118,0420

19 March 2021

182 239

R101,6552

R103,0300

R101,0300

R18 525 541,9928

23 March 2021

90 717

R100,8745

R101,8600

R99,9700

R9 151 032,0165

24 March 2021

154 464

R99,8966

R102,3200

R98,9200

R15 430 426,1054

Woodmead, Sandton

25 March 2021

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