AECI Limited (JSE:AFE) News - Dealings in securities by directors, director of major subsidiary, group company secretary and prescribed officers

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)

Date: 02-08-2022 10:00:00
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