Further re Sale of Surplus in Capetown

AECI LTD - Further re Sale of Surplus in Capetown

PR Newswire

London, June 24

AECI LIMITEDIncorporated in the Republic of South AfricaRegistration Number 1924/002590/06Share code: AFE ISIN: ZAE000000220(“AECI”)

UPDATE: SALE OF SURPLUS LAND IN CAPE TOWN BY PAARDEVLEI PROPERTIES PROPRIETARY LIMITED TO THE CITY OF CAPE TOWN (“THE TRANSACTION”)

Shareholders are referred to AECI’s announcement published on SENS on 5 June 2015 in this regard.

The last outstanding condition precedent to which the Transaction was subject was its approval by the competition authorities.

Shareholders are advised the Transaction was approved today, Wednesday, 24 June 2015, by the Competition Tribunal of South Africa, without conditions, and accordingly the Transaction has become unconditional.

Woodmead, Sandton

24 June 2015

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

Legal advisors to AECI: Webber Wentzel