AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1924/002590/06)
JSE ordinary share code: AFE
JSE preference share code: AFEP
JSE ordinary share ISIN: ZAE000000220
JSE preference share ISIN: ZAE000000238
("AECI")
ANNOUNCEMENT RELATING TO THE RESULTS OF THE GENERAL MEETING OF AECI
SHAREHOLDERS
1. Introduction
AECI shareholders ("Shareholders") are referred to the announcement released on the Securities Exchange News Service ("SENS") on Monday, 19 December 2011 and published in the press on Tuesday, 20 December 2011 relating to an update on the proposed Broad-based Black Economic Empowerment ("B-BBEE") Transaction ("the proposed B-BBEE Transaction"), of which full terms were released on SENS on Thursday, 13 October 2011 and published in the press on Friday, 14 October 2011.
Shareholders are further referred to the circular to Shareholders containing the full terms of the proposed B-BBEE Transaction, posted to Shareholders on Wednesday, 26 October 2011 as well as the supplementary circular posted to Shareholders on Wednesday, 21 December 2011.
2. Results of general meeting
Shareholders are advised that at the general meeting of Shareholders held today, the ordinary and special resolutions in relation to the proposed B-BBEE Transaction were approved by the requisite majority of Shareholders.
The special resolutions will be filed with the Companies and Intellectual Property Commission, to the extent required.
Woodmead
25 January 2012
Investment bank and Attorneys and tax advisers Reporting accountants and
transaction sponsor auditors
Webber Wentzel
The Standard Bank of South KPMG Inc.
Africa Limited
Accounting advisers Programme and Independent professional
implementation managers expert
Deloitte
Barnstone Corporate Ernst & Young Advisory
Services Proprietary Services Limited
Limited
Corporate sponsor
Rand Merchant Bank (a
division of FirstRand Bank
Limited)