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 Limited ("JSE") Listings Requirements shareholders 
are advised that, for the half-year ending 30 June 2013 ("the period"), AECI's 
earnings per share ("EPS") and headline earnings per share ("HEPS") are 
expected to be at least 150% higher than the prior corresponding period due 
mainly to the following: 
 
  * the non-recurrence of the R138 million (123 cents per share) once-off, 
    non-cash IFRS 2 charge associated with the AECI Community Education and 
    Development Trust established as part of the Company's Broad-based Black 
    Economic Empowerment transactions effected in the prior corresponding 
    period; and 
 
  * an improved year-to-date performance from AEL Mining Services Limited, a 
    principal subsidiary, as well the non-recurrence of costs incurred by this 
    business during the first half of 2012 as a result of ammonia and ammonium 
    nitrate supply constraints. 
 
A range as required by the JSE Listings Requirements cannot be determined with 
reasonable certainty at this stage. Shareholders are advised that a further 
trading statement will be released on the Stock Exchange News Service ("SENS"), 
providing earnings forecast ranges for EPS and HEPS, when the Company is in a 
position to do so. 
 
AECI's results for the period are expected to be released on SENS on or about 
Wednesday, 24 July 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 
 
31 May 2013 
 
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) 
 
 
 
END
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