AECI LIMITED

(Incorporated in the Republic of South Africa)

(Registration Number 1924/002590/06)

Tax reference number: 9000008608

Share code: AFE ISIN: ZAE000000220

Hybrid code: AFEP ISIN: ZAE000000238

Bond company code: AECI

LEI: 3789008641F1D3D90E85

(AECI or the Company)

 

DECLARATION OF CUMULATIVE 5.5 PER CENT PREFERENCE SHARE DIVIDEND NO. 174

 

Notice is hereby given that on Tuesday, 20 May 2025, the board of directors of AECI (Board) declared a gross cash dividend, at the rate of 5.5 per cent per annum (equivalent to 2.75 pence sterling per preference share), for the six months ending Friday, 13 June 2025. The dividend is payable on Friday, 13 June 2025 to holders of preference shares recorded in the register of the Company at the close of business on the record date for receipt of the cash dividend, being Friday, 6 June 2025.

 

The last day to trade " cum " dividend will be Tuesday, 3 June 2025 and shares will commence trading " ex " dividend as from the commencement of trade on Wednesday, 4 June 2025.

 

The dividend is declared in pound sterling and payment will be made from the offices of the Transfer Secretaries in South Africa and the United Kingdom on Friday, 13 June 2025. Dividends payable from South Africa will be paid in South African currency at the rate of 66.55646 ZAR cents per preference share (gross dividend) in accordance with the ruling exchange rate on Tuesday, 20 May 2025 (1 pound sterling = ZAR 24.20235 ).

 

A South African dividend withholding tax of 20% will be applicable to all holders of preference shares who are not either exempt or entitled to a reduction of the withholding tax rate in terms of a relevant Double Taxation Agreement, resulting in a net dividend of 53.24517 ZAR cents per preference share payable to those holders of preference shares who are not eligible for exemption or reduction. Application forms for exemption or reduction may be obtained from the Transfer Secretaries on Tel. +27   11   370   5000 or by email #ZACSJHBDividendTaxQ@Computershare.co.za and must be returned to them on or before Tuesday, 3 June 2025.

 

Dividends payable from the United Kingdom office will be subject to such tax deductions as are prescribed by United Kingdom legislation unless a certificate exempting the shareholder concerned from such tax deduction is received by the Transfer Secretaries on or before Tuesday, 3 June 2025.

 

The issued share capital of the Company at the declaration date is 105 517 780 listed ordinary shares and 3   000 000 listed cumulative preference shares. The dividend has been declared from the income reserves of the Company (and has therefore not been declared as a reduction in the Company's contributed tax capital).

 

Any change of address or dividend instruction must be received by the Transfer Secretaries on or before Tuesday, 3   June 2025.

 

Preference shares may not be dematerialised or rematerialised between Wednesday, 4 June 2025 and Friday, 6   June   2025, both days inclusive.

 

By order of the Board

 

C Singh

Group Company Secretary

Woodmead, Sandton

20 May 2025

 

Transfer Secretaries

Computershare Investor Services Proprietary Limited

Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196

 

and

 

Computershare Investor Services PLC

PO Box 82

The Pavilions

Bridgwater Road

Bristol BS99 7NH

England

 

Registered office

1 st Floor, AECI Place

24 The Woodlands

Woodlands Drive

Woodmead

Sandton

 

Equity sponsor: One Capital

 

Debt sponsor: Questco Proprietary Limited