Director/PDMR Shareholding

6 Mar 2012 11:00

AECI LIMITED

Incorporated in the Republic of South Africa

(Registration No. 1924/002590/06)

Share code: AFE ISIN No. ZAE000000220

("the Company")

EXERCISE OF OPTIONS AND SALE OF ORDINARY SHARES BY A DIRECTOR

In compliance with the Listings Requirements of the JSE Limited, the followingis disclosed:Director: Mr S Engelbrecht Company: AECI Limited Date of transaction: 5 March 2012 Nature of transaction: On market exercise of options Number of options exercised: 67 600 Option strike price: R23,60 Class of securities: Options in respect of ordinary shares Date options issued: 1 June 2003 Value of transaction: R1 595 360 Nature of interest: Direct beneficial Clearance obtained: Yes, from the Chairman of the Company Director: Mr S Engelbrecht Company: AECI Limited Date of transaction: 5 March 2012 Nature of transaction and class of On market sale of ordinary shares securities: Number of shares sold: 40 000 Sale price: R91,93 Value of transaction: R3 677 200 Nature of interest: Direct beneficial Clearance obtained: Yes, from the Chairman of the Company Woodmead, Sandton6 March 2012Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)