AFRIMAT LIMITED - Directors' dealings

Directors' dealings

Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(“Afrimat” or “the Company”)


DIRECTORS’ DEALINGS


In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited, the
information below is disclosed.


Afrimat Share Appreciation Rights scheme

Afrimat’s senior management are participants of the Afrimat Share Appreciation Rights scheme grant 6
(grant date 11 May 2011). The earliest vesting date of this grant is 10 May 2014, subject thereto that
minimum profit growth targets are achieved during the three year vesting period. The minimum growth
targets have been exceeded and the participants may now exercise their rights.


Rights exercised

Director 1 - Purchase
Name of Director:                 Andries van Heerden (CEO of Afrimat Limited)
Class of securities:              Ordinary shares
Nature of transaction:            Receipt of shares as settlement of vested rights in the Afrimat Share
                                  Appreciation Rights scheme (Off market transaction)
Date of transaction:              16 May 2014
Price per share:                  R 16.52
Number of shares:                 456 659
Total value:                      R 7 544 006.68
Nature of interest:               Direct beneficial


Director 1 - Sale
Name of Director:                 Andries van Heerden (CEO of Afrimat Limited)
Class of securities:              Ordinary shares
Nature of transaction:            Disposal of shares to settle tax liability relating to vested rights in the
                                  Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:              16 May 2014
Price per share:                  R 16.52
Number of shares:                 182 664
Total value:                      R 3 017 609.28
Nature of interest:               Direct beneficial


Clearance was given in terms of paragraph 3.66 of the Listings Requirements of the JSE Limited.


Director 2 - Purchase
Name of Director:              Hendrik Verreynne (Financial Director of Afrimat Limited)
Class of securities:           Ordinary shares
Nature of transaction:         Receipt of shares as settlement of vested rights in the (Off market
                               transaction)
Date of transaction:           16 May 2014
Price per share:               R 16.52
Number of shares:              198 547
Total value:                   R 3 279 996.44
Nature of interest:            Direct beneficial


Director 2 - Sale
Name of Director:              Hendrik Verreynne (Financial Director of Afrimat Limited)
Class of securities:           Ordinary shares
Nature of transaction:         Disposal of shares to settle tax liability relating to vested rights in the
                               Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:           16 May 2014
Price per share:               R 16.52
Number of shares:              79 419
Total value:                   R 1 312 001.88
Nature of interest:            Direct beneficial


Clearance was given in terms of paragraph 3.66 of the Listings Requirements of the JSE Limited.


By order of the Board of Directors
Johannesburg
20 May 2014


Sponsor: Bridge Capital Advisors Proprietary Limited

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