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) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At the 99th Annual General Meeting (AGM) of the shareholders of AECI held on 30 May 2023, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, AECI confirms the voting statistics from the AGM as follows: Resolutions Votes cast disclosed as a Number of Shares voted Shares percentage in relation to ordinary shares disclosed as abstained the total number of voted a percentage disclosed as a ordinary shares voted at in relation to percentage in the meeting the total relation to the issued total issued ordinary ordinary shares* shares* For (%) Against (%) Ordinary resolution No. 1: 96,87 3,13 88 649 323 84,01 0,18 Reappointment of independent auditor and appointment of designated individual audit partner Ordinary resolution No. 2.1: 100,00 0,00 88 650 277 84,01 0,18 Re-election of Non-executive Director – Ms FFT Dludlu (De Buck) Ordinary resolution No. 2.2: 100,00 0,00 88 650 277 84,01 0,18 Re-election of Non-executive Director – Ms AM Roets Ordinary resolution No. 2.3: 98,82 1,18 88 598 733 83,97 0,23 Re-election of Non-executive Director – Ms PG Sibiya Ordinary resolution No. 3: 100,00 0,00 88 650 277 84,01 0,18 Election of Mr ST Coetzer as a Non-executive Director Ordinary resolution No. 4: 71,81 28,19 88 648 677 84,01 0,18 Re-election of Mr KM Kathan as an Executive Director Ordinary resolution No. 5: 99,74 0,26 88 650 277 84,01 0,18 Election of Mr H Riemensperger as an Executive Director Ordinary resolution No. 6.1: 99,00 1,00 88 587 892 83,96 0,24 Election of Audit Committee member – Ms PG Sibiya Ordinary resolution No. 6.2: 100,00 0,00 88 650 277 84,01 0,18 Election of Audit Committee member – Ms AM Roets Ordinary resolution No. 6.3: 100,00 0,00 88 650 277 84,01 0,18 Election of Audit Committee member – Ms FFT Dludlu (De Buck) Ordinary resolution No. 93,36 6,64 88 648 677 84,01 0,18 7.1: Non-binding advisory vote on the Company’s Remuneration Policy Ordinary resolution No. 83,14 16,86 88 648 677 84,01 0,18 7.2: Non-binding advisory vote on the Implementation of the Company’s Remuneration Policy Special resolution No. 1.1: 96,83 3,17 88 648 677 84,01 0,18 Directors’ fees - Board: Chairman Special resolution No. 1.2: 99,96 0,04 88 648 677 84,01 0,18 Directors’ fees - Board: Non- executive Director Special resolution No. 1.3: 99,96 0,04 88 648 677 84,01 0,18 Directors’ fees - Audit Committee: Chairman Special resolution No. 1.4: 99,96 0,04 88 648 677 84,01 0,18 Directors’ fees - Other Board Committees: Chairman Special resolution No. 1.5: 99,96 0,04 88 648 677 84,01 0,18 Directors’ fees - Audit Committee: Member Special resolution No. 1.6: 99,96 0,04 88 648 677 84,01 0,18 Directors’ fees - Other Board Committees: Member Special resolution No. 1.7: 99,71 0,29 88 648 677 84,01 0,18 Directors’ fees - Meeting attendance fee (includes ad hoc meetings) Special resolution No. 1.8: 99,96 0,04 88 650 227 84,01 0,18 Directors’ fees - Per-trip allowance Special resolution No. 2: 82,27 17,73 88 569 765 83,94 0,26 General authority to repurchase shares Special resolution No. 3: 99,98 0,02 88 649 323 84,01 0,18 Financial assistance to related or inter-related company * The issued ordinary share capital is 105 517 780 listed ordinary shares and 3 000 000 listed cumulative preference shares. The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Woodmead, Sandton 31 May 2023 Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)