87FZ Aeci 5 1/2% Prf

 
TIDM87FZ 
 
AECI LIMITED 
Incorporated in the Republic of South Africa 
(Registration No. 1924/002590/06) 
Share code: AFE ISIN No. ZAE000000220 
("AECI" or "the Company") 
 
TRADING STATEMENT 
 
In compliance with the JSE Listings Requirements, shareholders are advised 
that, for the year ending 31 December 2012 ("the period"), AECI's headline 
earnings per share ("HEPS") and earnings per share ("EPS") are expected to be 
more than 20% lower than the prior corresponding period owing to of the 
following: 
 
- The current strike action in the mining and transport industries is resulting 
in significant disruptions across many sectors, and is having a particularly 
detrimental effect on mining and manufacturing production which was already 
under pressure due to prevailing global trading conditions. 
 
- AECI's Broad-based Black Economic Empowerment ("B-BBEE") transactions were 
effected during the period, as reported in AECI's results for the six months 
ended 30 June 2012 published on SENS on 25 July 2012. HEPS and EPS will be 
impacted by the recognition of costs of about R163 million in terms of 
International Financial Reporting Standards. The combined effect of these 
charges and the additional 4,7 million AECI ordinary shares issued in terms of 
the B-BBEE transactions is estimated to be a reduction in HEPS of 146cps for 
the period. 
 
Given that it is relatively early in the reporting period, a range as required 
by the JSE Listings Requirements cannot be accurately estimated at this stage. 
Shareholders are advised that a further trading statement will be released on 
SENS in due course to provide earnings forecast ranges for EPS and HEPS. 
 
AECI's results for the period are expected to be released on SENS in February 
2013. 
 
The forecast financial information on which this trading statement is based has 
not been reviewed and reported on by the Company's external auditors. 
 
Woodmead, Sandton 
 
12 October 2012 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 
 
 
END 
 

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