Statement re appointment of non-executive director

AECI LIMITED Incorporated in the Republic of South Africa (Registration No. 1924/002590/06) "AECI" or "the Company" Share code: AFE ISIN No. ZAE000000220 Appointment of a Non-executive Director AECI is pleased to announce the appointment of Mr Recht Louis ("Tak") Hiemstraas Non-executive Director of the Company. Mr Hiemstra was an Executive Director of Imperial Holdings from 1995 to 2012,responsible for portfolios including M&A activity and investor relations. Heheld several Board positions in the Imperial Group, including CEO of ImperialBank from 2000 to 2004. Mr Hiemstra retired from full-time employment atImperial in 2012, remaining on that Board as a Non-executive Director. During his tenure at Imperial he also served as a Director of Kagiso MediaLimited for eight years. He is currently Chairman of Distribution and Warehousing Network Limited. Mr Hiemstra's appointment to the AECI Board is effective from 1 May 2014. Woodmead, Sandton 29 April 2014

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