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AECI Limited: Dealings in Securities re the AECI LTIP

Tue 21st July, 2020 10:00am
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 (“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 vested on 30 June 2020, in a non-dilutive manner in
accordance with the rules of the LTIP.

Shares were purchased in terms of an approved share purchase programme, with
binding instructions having been provided to the broker ahead of the closed or
prohibited period.

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 transaction  No. of shares acquired  VWAP (R)  Price High (R)  Price Low (R)  Value of transaction (R) 
         15 July 2020                  63 389     82,78           83,00          82,07                 5 247 341 
         16 July 2020                  63 348     82,51           82,82          82,14                 5 226 843 
         17 July 2020                  29 687     81,56           82,99          79,42                 2 421 272 
         20 July 2020                  54 477     79,58           80,70          78,85                 4 335 280 

Woodmead, Sandton

21 July 2020

Sponsor:

Rand Merchant Bank (A division of FirstRand Bank Limited)



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