Refinancing of short-term bridge facilities AECI LIMITED (Incorporated in the Republic of South Africa) (Registration No. 1924/002590/06) Share code: AFE ISIN ZAE000000220 Hybrid code: AFEP ISIN ZAE000000238 Bond company code: AECI ("AECI" or "the Company") REFINANCING OF SHORT-TERM BRIDGE FACILITIES AECI has successfully refinanced the short-term bridge facilities which were utilised to fund the acquisition of Schirm GmbH (and related assets) and Much Asphalt Proprietary Limited. The refinance was effected through a competitive syndication process where the Standard Bank of South Africa Limited acted as arranger and bookrunner. The bridge facilities were termed out into ZAR700 million, US$61 million and EUR68 million facilities across three-, four- and five-year term bullet facilities. As part of the syndication process, AECI also raised ZAR800 million in four- and five-year listed bonds. The five-year bond priced tighter than the similar inaugural five-year bond issued in September 2018. The syndication was well supported by both local and international financial institutions and was four times oversubscribed. The facilities were priced competitively, which will result in a reduced cost of funding for the Company and an improved debt maturity profile. Woodmead, Sandton 3 December 2018 Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 03/12/2018 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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