Dealings in securities by Directors, Prescribed Officers and the Group Company Secretary

AECI LIMITED

(Incorporated in the Republic of South Africa) Registration number: 1924/002590/06

Share code: AFE ISIN: ZAE000000220 Hybrid code: AFEP ISIN: ZAE000000238

Bond company code: AECI LEI: 3789008641F1D3D90E85

(AECI or the Company)

DEALINGS IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS AND THE GROUP COMPANY SECRETARY

In compliance with paragraphs 6.77 to 6.83 of the JSE Limited Listings Requirements, the following information is disclosed:

Acceptance of awards of performance shares: Long-term Incentive Plan (LTIP)

In terms of the standard rules of the Company's LTIP, AECI's Group Chief Executive Officer (CEO), Alan Dickson, has been allocated new awards of performance shares (LTIP Awards), as part of the annual award process.

The LTIP Awards will convert into AECI ordinary shares, subject to the applicable vesting and performance conditions. The LTIP Awards were accepted by the CEO today, 4 September 2026, and the performance shares were issued on the same date at a grant price of R111.27 per share.

Further details of the LTIP Awards are set out below:

Type of LTIP Award	Vesting date	Number of performance shares	Value
LTIP performance shares	25 March 2029	104 367	R11 612 916.09
CEO LTIP performance shares	23 March 2028	83 494	R9 290 377.38

Acceptance of awards of performance shares: Value Unlock Share Scheme (VUIS)

In terms of the standard rules of the Company's VUIS, participants have been allocated new awards of performance shares (VUIS Awards), as part of the annual award process. The VUIS Awards will convert into AECI ordinary shares and will vest on 31 March 2028, subject to the applicable performance conditions attached to each award being met.

The VUIS Awards were accepted by the relevant participants today, 4 September 2026, and the performance shares were issued on the same date at a grant price of R111.27 per share, as set out below:

Name	Position and company	Number of performance shares	Value
Alan Dickson	Group Chief Executive Officer, AECI	66 730	R7 425 047.10
Ian Kramer	Group Chief Financial Officer, AECI	41 782	R4 649 083.14
Dean Murray	Prescribed Officer (Executive Vice President, AECI Chemicals)	28 445	R3 165 075.15
Stuart Miller	Prescribed Officer (Executive Vice President, AECI Mining)	39 330	R4 376 249.10

Cheryl Singh

Group Company Secretary, AECI

23 786

R2 646 668.22

The abovementioned transactions, for which the requisite clearance was granted in terms of paragraph 6.83 of the JSE Limited Listings Requirements, were effected off-market. All participants have a direct beneficial interest.

Woodmead, Sandton 4 September 2026

Equity Sponsor: One Capital

Debt Sponsor: Questco Proprietary Limited

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