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TIDM87FZ 
 
AECI LIMITED 
 
                 Incorporated in the Republic of South Africa 
 
                       (Registration No. 1924/002590/06) 
 
                     Share code: AFE ISIN No. ZAE000000220 
 
                                   ("AECI") 
 
AECI ACQUIRES WATER TREATMENT BUSINESS IN AFRICA 
 
AECI has acquired General Electric's world-class Chemical and Monitoring 
Solutions business in Africa, for a total consideration of US$20 million. The 
acquisition is effective from 1 July 2012 and will be merged into ImproChem, 
which is leading the AECI Group's strategic growth thrust to become the 
supplier of choice for specialty water treatment and process chemicals and 
services in Africa. 
 
The geographies covered by the transaction are Africa and the Indian Ocean 
islands of Madagascar, Mauritius and Reunion. This target market has an 
estimated combined annual value in excess of US$500 million and is growing at 
12% a year. Excluded from the transaction are businesses in Egypt, Libya, 
Tunisia, Algeria and Morocco. 
 
ImproChem provides integrated water, energy and air solutions to the chemical, 
refining, petrochemical, mining and food and beverage industries. It is has a 
well-established footprint in Africa and the agreement with General Electric 
(GE) will ensure that customers in this region, where water is often a scarce 
resource, continue to have access to the most advanced technologies that 
enhance the efficiencies of their operations while reducing operating costs. 
 
AECI and GE have also entered into an exclusive distribution agreement and a 
licensing arrangement that provide GE with continued direct involvement with 
the business. As part of the agreement, ImproChem will produce chemical 
products using GE formulations at its Umbogintwini plant. GE will also have the 
right to consider forming a Joint Venture with ImproChem in the future. GE 
remains committed to the CMS business, as demonstrated by its continued 
investment in CMS research and development and in its CMS commercial sales and 
distribution channels. 
 
GE entered into a non-exclusive distribution arrangement with ImproChem in 
October 2011. This new transaction builds on that solid foundation and both GE 
and AECI believe that the new arrangement provides greater opportunities than 
either company could offer alone. It is well aligned with both companies' 
business models, both have a good reputation in the region and a well-regarded 
compliance culture. GE also has an experienced team of sales people in the 
field and strong regional capabilities that will complement ImproChem's 
resources. 
 
The transaction has been approved by the necessary regulatory authorities in 
South Africa. 
 
Woodmead, Sandton 
 
27 June 2012 
 
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 
 
 
END 
 

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