AECI LTD - Director/PDMR Shareholding

AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
("AECI")

DEALINGS IN SECURITIES BY DIRECTORS, BY THE COMPANY SECRETARY AND BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following dealings in AECI's securities. All dealings relate to bonus shares having vested on 22 November 2015, in terms of the 2012 AECI Long-term Incentive Plan.

Name	Mark Dytor
Position	Chief Executive
Date of transaction	26 November 2015
Nature of transaction	On-market disposal of shares
Class of securities	Ordinary shares
Total number of shares vested	29198 at R90,8938 per share
Total value of shares vested	R2653917,17
Number of shares sold	12410
Sale price	High: R88,9800 Low: R89,1600 Average: R88,6283
Total value of shares sold	R1099877,20
Number of shares retained	16788
Nature of interest	Direct beneficial
Clearance obtained	Yes
Name	Mark Kathan
Position	Chief Financial Officer
Date of transaction	27 November 2015
Nature of transaction	On-market disposal of shares
Class of securities	Ordinary shares
Total number of shares vested	44 491 at R90,8938 per share
Total value of shares vested	R4043 956,06
Number of shares sold	18 909
Sale price	High: R89,3300 Low: 88,9600 Average: R89,0250
Total value of shares sold	R1683373,73
Number of shares retained	25 582
Nature of interest	Direct beneficial
Clearance obtained	Yes
Name	Nomini Rapoo
Position	Group Company Secretary
Date of transaction	26 November 2015
Nature of transaction	On-market disposal of shares
Class of securities	Ordinary shares
Total number of shares vested	11497 at R90,8938 per share
Total value of shares vested	R1045006,02
Number of shares sold	11497
Sale price	High: R89,5800 Low: R89,0000 Average: R89,1555
Total value of shares sold	R1025020,78
Nature of interest	Direct beneficial
Clearance obtained	Yes
Name	Liesel de Villiers
Position	Director of AEL Holdco Limited, a major subsidiary
Date of transaction	27 November 2015
Nature of transaction	On-market disposal of shares
Class of securities	Ordinary shares
Total number of shares vested	10917 at R90,8938 per share
Total value of shares vested	R992287,61
Number of shares sold	10917
Sale price	High: R88,9500 Low: R88,2500 Average: R88,6901
Total value of shares sold	R968229,82
Nature of interest	Direct beneficial
Clearance obtained	Yes
Name	Wayne Du Chenne
Position	Director of AEL Holdco Limited, a major subsidiary
Date of transaction	26 November 2015
Nature of transaction	On-market disposal of shares
Class of securities	Ordinary shares
Total number of shares vested	10816 at R90,8938 per share
Total value of shares vested	R983107,34
Number of shares sold	10816
Sale price	High: R88,4100 Low: R87,9100 Average: R88,1252
Total value of shares sold	R953162,16
Nature of interest	Direct beneficial
Clearance obtained	Yes
Name	Edwin Ludick
Position	Director of AEL Holdco Limited, a major subsidiary
Date of transaction	27 November 2015
Nature of transaction	On-market disposal of shares
Class of securities	Ordinary shares
Total number of shares vested	19 854 at R90,8938 per share
Total value of shares vested	R1804605,51
Number of shares sold	19 854
Sale price	High: R88,6200 Low: R87,9200 Average: R88,0751
Total value of shares sold	R1748643,04
Nature of interest	Direct beneficial
Clearance obtained	Yes
Name	Sepadi Mohlabeng
Position	Director of AEL Holdco Limited, a major subsidiary
Date of transaction	26 November 2015
Nature of transaction	On-market disposal of shares
Class of securities	Ordinary shares
Total number of shares vested	11 604 at R90,8938 per share
Total value of shares vested	R1054731,66
Number of shares sold	11 604
Sale price	High: R89,0500 Low: R88,7900 Average: R88,9124
Total value of shares sold	R1031739,49
Nature of interest	Direct beneficial
Clearance obtained	Yes

Woodmead, Sandton

30 November 2015

Sponsor: RAND MERCHANT BANK (A Division of FirstRand Bank Limited)