AFRIMAT LIMITED - Changes to the Afrimat Board

Changes to the Afrimat Board

AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/022534/06)
Share Code: AFT
ISIN: ZAE 000086302
("Afrimat" or “the Company”)


CHANGES TO THE AFRIMAT BOARD


In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of
directors of the Company (“the Board”) is pleased to announce the appointment of Mr Nicolaas
Kruger as a non-executive board member with effect from 1 February 2023.

Nicolaas holds a BCom (Mathematics, cum laude), is a Fellow of the Faculty of Actuaries (FFA)
and a Fellow of the Actuarial Society of South Africa (FASSA). He completed an Advanced
Management Programme at Oxford and is a qualified Chartered Director (CD(SA)).

Nicolaas is an accomplished business executive with more than 30 years’ experience. He has
strong financial, risk management and actuarial skills, combined with strategic business
acumen. Nicolaas has extensive experience playing an active role on boards and governance
forums. He currently serves as a non-executive director of Sanlam Group, General
Reinsurance Africa (Gen Re), Granor Passi, Griekwaland Wes Korporatief (GWK) (chairman),
Brenn-O-Kem (chairman) and various private companies. Nicolaas served as CEO of
Momentum Metropolitan Holdings for several years (up to the beginning of 2018). He was also
closely involved in various corporate transactions over the years.

The Board would like to welcome Nicolaas to the Company and wishes him well in his
respective position and looks forward to his contributions to the Company.


Cape Town
27 January 2023


Sponsor
Valeo Capital (Pty) Ltd

Date: 27-01-2023 12:40:00
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.