AECI LTD - Preference Dividend Declaration

AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1924/002590/06)
Tax reference number: 9000008608
Share code: AFEP
ISIN No: ZAE000000238
("AECI" or "the Company")

DECLARATION OF INTERIM PREFERENCE SHARE DIVIDEND NO. 153

NOTICE IS HEREBY GIVEN that, on Friday, 21 November 2014, the Directors of AECI
declared a gross cash dividend, at the rate of 5,5 per cent per annum
(equivalent to 2,75 pence sterling), for the six months ending Monday, 15
December 2014. The dividend is payable on Monday, 15 December 2014 to holders
of preference shares recorded in the register of the Company at the close of
business on the record date, being Friday, 12 December 2014.

The last day to trade "cum" dividend will be Friday, 5 December 2014 and shares
will commence trading "ex" dividend as from the commencement of business on
Monday, 8 December 2014.

The dividend is declared in pound sterling and payment will be made from the
offices of the Transfer Secretaries in South Africa and the United Kingdom on
Monday, 15 December 2014. Dividends payable from South Africa will be paid in
South African currency at the rate of 47,72290 ZAR cents per share (gross
dividend) in accordance with the exchange rate ruling on Monday, 17 November
2014 (1 pound sterling = ZAR17,35378).

A South African dividend withholding tax of 15% will be applicable to all
shareholders who are not either exempt or entitled to a reduction of the
withholding tax rate in terms of a relevant Double Taxation Agreement,
resulting in a net dividend of 40,56447 ZAR cents per share payable to those
shareholders who are not eligible for exemption or reduction. Application forms
for exemption or reduction may be obtained from the Transfer Secretaries and
must be returned to them on or before Friday, 5 December 2014.

Dividends payable from the United Kingdom office will be subject to such tax
deductions as are prescribed by United Kingdom legislation unless a certificate
exempting the shareholder concerned from such tax deduction is received before
Friday, 5 December 2014.

The issued share capital of the Company at the declaration date is 128 241 140
listed ordinary shares, 10 117 951 unlisted redeemable convertible B ordinary
shares and 3 000 000 listed cumulative preference shares. The dividend has been
declared from the income reserves of the Company. No Secondary Tax on
Companies' credits are available for use.

Any change of address or dividend instruction must be received on or before
Friday, 5 December 2014.

Share certificates may not be dematerialised or rematerialised from Monday, 8
December 2014 to Friday, 12 December 2014, both days inclusive.

By order of the Board

E N Rapoo
Group Company Secretary
Woodmead, Sandton

21 November 2014

Transfer secretaries
Computershare Investor Services (Pty) Limited
70 Marshall Street, Johannesburg 2001
and
Computershare Investor Services PLC
PO Box 82
The Pavilions
Bridgwater Road
Bristol, BS99 7NH
England

Registered office
1st Floor, AECI Place
24 The Woodlands
Woodlands Drive
Woodmead
Sandton

Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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