Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
("AECI" or "the Company")
Report on proceedings at Annual General Meeting
At the ninetieth (90th) Annual General Meeting of the shareholders of AECI held
today, 2 June 2014, all the ordinary and special resolutions proposed at the
meeting were approved by the holders of AECI Ordinary Shares and the holders of
AECI B Ordinary Shares by the requisite majority of votes.
All the resolutions contained in the Notice of Annual General Meeting ("the
Notice"), dated 11 April 2014 and posted to shareholders on 25 April 2014, were
considered. An additional ordinary resolution, number 3.4 relating to the
appointment of Mr RL Hiemstra to the Board as a Non-executive Director of the
Company to fill a vacancy, was also considered. Mr Hiemstra's appointment was
announced on 29 April 2014 and took effect on 1 May 2014, both these dates
subsequent to the Notice being issued.
The special resolutions will be lodged for registration with the Companies and
Intellectual Property Commission in due course.
2 June 2014
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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