Result of AGM

AECI LIMITED Incorporated in the Republic of South Africa (Registration No. 1924/002590/06) Share code: AFE ISIN No. ZAE000000220 ("AECI" or "the Company") Report on proceedings at Annual General Meeting At the ninetieth (90th) Annual General Meeting of the shareholders of AECI heldtoday, 2 June 2014, all the ordinary and special resolutions proposed at themeeting were approved by the holders of AECI Ordinary Shares and the holders ofAECI B Ordinary Shares by the requisite majority of votes. All the resolutions contained in the Notice of Annual General Meeting ("theNotice"), dated 11 April 2014 and posted to shareholders on 25 April 2014, wereconsidered. An additional ordinary resolution, number 3.4 relating to theappointment of Mr RL Hiemstra to the Board as a Non-executive Director of theCompany to fill a vacancy, was also considered. Mr Hiemstra's appointment wasannounced on 29 April 2014 and took effect on 1 May 2014, both these datessubsequent to the Notice being issued. The special resolutions will be lodged for registration with the Companies andIntellectual Property Commission in due course. Woodmead, Sandton2 June 2014 SponsorRAND MERCHANT BANK (A division of FirstRand Bank Limited)