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AECI Limited - Director/PDMR Shareholding

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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 or the Company)

DEALINGS IN SECURITIES BY DIRECTORS, DIRECTOR OF MAJOR SUBSIDIARY, 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 14 April 2022, 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 1 August 2022 as follows:

Name

Position and company

No. of shares

Grant price

Value

MA Dytor

Chief Executive, AECI

69 294

R114.60

R7 941 092.40

A Takoordeen

Chief Financial Officer, AECI

46 294

R114.60

R5 305 292.40

KM Kathan

Director of AECI Mining Limited, a major subsidiary of AECI

46 161

R114.60

R5 290 050.60

C Singh

Group Company Secretary, AECI

22 682

R114.60

R2 599 357.20

DJ Mulqueeny

Prescribed Officer, AECI

27 112

R114.60

R3 107 035.20

DK Murray

Prescribed Officer, AECI

27 112

R114.60

R3 107 035.20

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

Woodmead, Sandton
2 August 2022

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

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