AECI LTD - Change Statement and Notice of AGM

                                 AECI LIMITED

                 Incorporated in the Republic of South Africa

                     (Registration Number 1924/002590/06)

                      Share code: AFE ISIN: ZAE000000220

                   ("AECI" or "the Company" or "the Group")

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Shareholders are advised that AECI's integrated annual report, containing the
audited Group financial statements and financial statements of AECI Limited for
the year ended 31 December 2014, has been released on AECI's website
www.aeci.co.za today, Friday, 24 April 2015.

The financial statements in this report contain the following modifications to
the reviewed condensed consolidated financial results published on SENS on
Tuesday, 24 February 2015 and in the press on Wednesday, 25 February 2015:

STATEMENT OF FINANCIAL POSITION

(R millions)         Reviewed      Audited Annual Difference
                                        Financial
                                       Statements

Description

Current borrowings        791                 583        208

Non-current             1 251               1 459      (208)
borrowings

Total                   2 042               2 042          -



An unsecured foreign US dollar loan of R208 million, shown as current
borrowings in the reviewed results, had been renegotiated during the 2014
financial year and will only become payable in 2016.

Accordingly, current and non-current borrowings have been adjusted in this
amount.

The annual financial statements were audited by the Company's auditors, KPMG
Inc., and their unmodified report is available for inspection at AECI's
registered office.

Printed copies of the integrated report and summarised financial statements
were also posted today to those shareholders still receiving information in
paper form.

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 91st Annual General Meeting of AECI
shareholders will be held at 09h00 on Monday, 1 June 2015, on the Ground Floor,
AECI Place, 24 The Woodlands, Woodlands Drive, Woodmead, Sandton to transact
the business as stated in the Notice of Annual General Meeting forming part of
the integrated report.

Salient dates

The Notice of Annual General Meeting has been sent to AECI shareholders who
were recorded as such in the Company's securities register on Friday, 17 April
2015, being the Notice record date set by the Board of the Company determining
which shareholders are entitled to receive Notice of Annual General Meeting.

The record date on which shareholders of the Company must be registered as such
in the Company's securities register in order to attend and vote at the Annual
General Meeting is Friday, 22 May 2015 being the voting record date set by the
Board of the Company determining which shareholders are entitled to attend and
vote at the Annual General Meeting. The last day to trade in order to be
entitled to vote at the Annual General Meeting will therefore be Friday, 15 May
2015. Proxy forms must be lodged by no later than 09h00 on Thursday, 28 May
2015.

Any forms of proxy not lodged by this time must be handed to the Chairman of
the Annual General Meeting immediately prior to the Annual General Meeting.

Woodmead, Sandton

24 April 2015

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

Copyright l 24 PR Newswire