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Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the LTIP)

Published: 2022-04-06 08:00:00 ET
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AECI Limited (JSE:AFE) News - Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the LTIP)

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 14 April 2022, 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                    No. of shares           VWAP          Price           Price             Value of
transaction                     acquired                          High             Low          transaction
5 April 2022                     106 780    R116,110685        R116,20         R114,60          R12 398 299

Woodmead, Sandton
6 April 2022

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

Date: 06-04-2022 10:00:00
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