AECLY AE and CI Ltd (PK)

                                 AECI Limited
                (Incorporated in the Republic of South Africa)
                     (Registration number 1924/002590/06)
                                Share Code: AFE
                              ISIN: ZAE000000220
                           ("AECI" or "the Company")

ACCEPTANCE OF AWARDS OF PERFORMANCE SHARES:  LONG-TERM INCENTIVE PLAN ("LTIP")

In compliance with the JSE Limited Listing Requirements, the following
information is disclosed:

In terms of the rules of the LTIP, participants were allocated performance
shares in 2014.  These will convert into AECI ordinary shares and will vest
after three years, subject to the performance conditions attached to each
allocation being met.  The performance shares were issued at the grant price as
indicated and were accepted off-market on 14 October 2014 by the Company's
Executive Directors as follows:

2014

Executive Director  No. of performance shares    Grant price   Value

MA Dytor            17 956                       R115,97       R2 082 357,32

KM Kathan           13 724                       R115,97       R1 591 572,28

Clearance has been obtained by both the above-mentioned Executive Directors for
the acceptance of the awards.  All interests are direct beneficial.

Woodmead, Sandton
15 October 2014

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