Director/PDMR Shareholding

18 Dec 2006 07:00

AECI LIMITED

Incorporated in the Republic of South Africa

(Registration No. 1924/002590/06)

Share code: AFE

ISIN No. ZAE 000000220

DEALING IN SECURITIES BY A DIRECTOR

In compliance with sections 3.63 - 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed:

Director: Mr N C Axelson

Company: AECI Limited

Date of transaction(1):13 December 2006

Number of shares: 25 000

Price: R67.00

Date of transaction(2): 14 December 2006

Number of shares:4 567

Price: R67.00

Date of transaction(3):15 December 2006

Number of shares:45 433Price: R66.94Total value: R5 022 274,02

Exercise price for all three transactions: R4.50

Class of securities: Ordinary shares

Nature of transaction: Exercise of options

Extent of interest: Direct beneficial

Clearance: Permission to deal in these shares has been obtained from the chairman of AECI Limited

Woodmead, Sandton15 December 2006

Sponsor: J.P.Morgan Equities Limited