AFT - Afrimat Limited - Closed period share repurchase programme

AFT - Afrimat Limited - Closed period share repurchase programme                
Afrimat Limited                                                                 
Incorporated in the Republic of South Africa                                    
(Registration number: 2006/022534/06)                                           
Share code: AFT ISIN: ZAE000086302                                              
("Afrimat" or "the Company")                                                    
CLOSED PERIOD SHARE REPURCHASE PROGRAMME                                        
Shareholders are hereby advised that Afrimat has, via its subsidiary company,   
granted a mandate for the repurchase of its ordinary shares during its closed   
period. This period commences on 1 March 2011 and terminates on or about 12 May 
2011 when the Company is scheduled to publish its year end results.             
The mandate has been entered into with a single agent who has full discretion in
executing the Repurchase Programme. The intention is to repurchase a maximum of 
5 million Afrimat shares for an aggregate consideration not exceeding R17.5     
million. Any repurchase of shares may not be executed at a price greater than   
10% above the weighted average traded price for Afrimat ordinary shares for the 
five business days immediately preceding the date on which any such repurchase  
is affected.                                                                    
Cape Town                                                                       
28 February 2011                                                                
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 28/02/2011 07:05:00 Supplied by www.sharenet.co.za                     
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