AECI LTD - Statement re Payment of Special Dividend

                                 AECI LIMITED

                 Incorporated in the Republic of South Africa

                     (Registration Number 1924/002590/06)

                      Share code: AFE ISIN: ZAE000000220

                           ("AECI" or "the Company")

FINALISATION ANNOUNCEMENT: PAYMENT OF SPECIAL DIVIDEND APPROVED

AECI shareholders are referred to the declaration of a special dividend of 375
cents per ordinary share ("Special Dividend") published on SENS on Tuesday, 24
February 2015. In that declaration, shareholders were advised that the Special
Dividend was subject to approval by the Financial Surveillance Department of
the South African Reserve Bank.

Such approval has been received and, accordingly, the salient dates for the
Special Dividend are confirmed as follows:

                                                           2015

Last day of trade to receive Special Dividend              Friday, 22 May

Shares commence trading ex Special Dividend                Monday, 25 May

Record date                                                Friday, 29 May

Payment date                                               Monday, 1 June

Share certificates may not be dematerialised or rematerialised from Monday, 25
May 2015 to Friday, 29 May 2015, both days inclusive.

Any change of address or dividend instruction must be received on or before
Thursday, 21 May 2015.

The Special Dividend is a dividend as defined in the Income Tax Act, 1962 and
in terms of this Act a dividend withholding tax rate of 15% is applicable to
shareholders who are not exempt from dividend withholding tax, resulting in a
net dividend amount of 318,75000 cents per share. The dividend has been
declared from the income reserves of the Company. No Secondary Tax on
Companies' credits are available to be used.

The Directors have satisfied the solvency and liquidity test as required in
terms of section 4(1) of the Companies Act, Act No. 71 of 2008. The issued
share capital is 128 241 140 listed ordinary shares and 10 117 951 unlisted
redeemable convertible B ordinary shares.

By order of the Board

EN Rapoo

Group Company Secretary

Woodmead, Sandton

15 May 2015

Transfer Secretaries

Computershare Investor Services (Pty) Ltd

70 Marshall Street

Johannesburg

2001

and

Computershare Investor Services Plc

PO Box 82

The Pavilions

Bridgwater Road

Bristol BS 99 7NH

England

Sponsor

Rand Merchant Bank (A DIVISION OF FIRSTRAND BANK LTD)

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