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Fri 24 Dec 2004, 12:09 DEALING IN SECURITIES BY A DIRECTOR
AECI LIMITED - DEALING IN SECURITIES BY A DIRECTOR                              
AECI LIMITED                                                                    
Incorporated in the Republic of South Africa                                    
(Registration No. 1924/002590/06)                                               
Share code:  AFE              ISIN No. ZAE000000220                             
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with sections 3.63 - 3.74 of the Listings Requirements of the JSE 
Securities Exchange South Africa, the following information is disclosed:       
Director:                     Mr L C van Vught                                  
Company:                      AECI Limited                                      
Date of transaction:          24 December 2004                                  
Price:                        R38.00                                            
Number of shares:             100 000                                           
Value:                        R3 800 000                                        
Exercise price:               R4.50                                             
Class of securities:          Ordinary shares                                   
Nature of transaction:        Exercise of options                               
Extent of interest:           Direct beneficial                                 
Clearance:                    Permission to deal in these shares has been       
obtained from the chairman of AECI Limited.       
Woodmead, Sandton                                                               
24 December 2004                                                                
Sponsor                                                                         
Cazenove                                                                        
Date: 24/12/2004 12:00:35 PM                   
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