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                         Price           Price              Value of
      transaction               acquired             VWAP         High             Low           transaction
    24 March 2022                 14 816      R113,331203    R113,5900       R112,7800         R1 679 115,00
    25 March 2022                 11 357      R115,228179    R115,3100       R114,6300         R1 308 646,00
    28 March 2022                 14 925      R113,644885    R116,0000       R112,3400         R1 696 150,00
    29 March 2022                182 314      R113,226322    R114,3700       R112,0100        R20 642 744,00

Woodmead, Sandton
30 March 2022

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

Date: 30-03-2022 10:36:00
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