News/ Article



Wednesday, 5 September 2018

AECI Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1924/002590/06)
Company code: AECI
("AECI" or "the Issuer")

AECI has received approval from the JSE Limited (“JSE”) of its amended programme memorandum dated 4 September 2018 (“the Amended PM”), established in relation to the Issuer’s ZAR5 000 000 000,00 Domestic Medium Term Note Programme. A summary of the changes effected is provided below:

AEL Holdco Limited, a guarantor to the programme, has amended its name to AECI Mining Solutions Limited and Paardevlei Properties Proprietary Limited has been removed as a guarantor. Much Asphalt Proprietary Limited and AECI Mauritius Ltd have been added as new guarantors to the programme. The changes to the guarantee have been effected accordingly;
AECI has updated the terms and conditions in accordance with paragraphs 7.26 – 7.27 of the JSE Debt Listings Requirements (“the Requirements”);
the Investor Considerations section has been removed from the “Description of AECI Limited” section and included as a separate section in the programme;
an update to the Issuer’s Description has been effected in accordance with paragraph 7.24 of the Requirements; and
other technical amendments have been made to give effect to the above-mentioned changes.

The Amended PM and guarantee are available for inspection at the registered office of the Issuer and have been made available for inspection on its website at

The Amended PM will also be available for inspection on the JSE website at

5 September 2018

Debt Sponsor
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

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