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
30 March 2022                       8 146    R114,578974         R114,94         R113,81           R933 360,00
31 March 2022                      18 323    R114,767481         R115,65         R114,00         R2 102 885,00
1 April 2022                       37 456    R115,899113         R116,80         R115,00         R4 341 117,00
4 April 2022                      351 492    R114,546323         R116,12         R114,34        R40 262 116,00

Woodmead, Sandton
5 April 2022

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

Date: 05-04-2022 10:00:00
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