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Friday, 30 June 2017

(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
Share code AFE   ISIN: ZAE000000220
(“AECI” or “the Company”)

In compliance with the JSE Limited Listings Requirements , shareholders are advised that AECI had entered into an agreement with Avior Capital Markets Proprietary Limited, an independent third party broking firm (“Avior”) 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 2017, in a non-dilutive manner in accordance with the rules of the LTIP.

The following information is disclosed in compliance with the JSE Limited Listings Requirements:

Name of share scheme: The LTIP  
Company: AECI  
Nature of transaction: On-market purchase of Shares by Avior on behalf of the LTIP to settle the obligations to the LTIP participants  
Class of securities: Ordinary shares  
Date of transaction: 26 June 2017 27 June 2017   28 June 2017   29 June 2017  
Number of securities: 10 953 21 664   112 208   259 762  
Volume weighted average purchase price per security: 10 706,72 cents 10 823,04 cents   10 848,87 cents   10 843,03 cents  
Highest purchase price per security: 10 787,00 cents 10 907,00 cents   10 925,00 cents   11 010,00 cents  
Lowest purchase price per security: 10 589,00 cents 10 700,00 cents   10 680,00 cents   10 687,00 cents  
Total value of transaction: R1 174 938,06 R2 346 062,80   R12 184 943,87   R28 285 110,12  
Extent of interest: Indirect non-beneficial (purchased by Avior via its proprietary trading account)  
Clearance to deal obtained: Yes, previously obtained at date of acceptance of award  

The Company also advises shareholders of the following awards under the LTIP in respect of the Directors and the Group Company Secretary that vested on 30 June 2017:

Name Position Number of Shares  
Mark Dytor Chief Executive 32 321  
Mark Kathan Chief Financial Officer 24 703  
Nomini Rapoo Group Company Secretary 6 491  
Edwin Ludick Director of AEL Mining Solutions Limited, a major subsidiary 10 951  

Woodmead, Sandton
30 June 2017

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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