AFR - AFGRI Limited - Cautionary announcement relating to the potential disposal

AFR - AFGRI Limited - Cautionary announcement relating to the potential disposal
by GroCapital Financial Services (Proprietary) Limited of its farmers lending   
book to the Land and Agricultural Development Bank of South Africa              
AFGRI Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration Number: 1995/004030/06                                             
ISIN: ZAE000040549                                                              
JSE share code: AFR                                                             
("AFGRI" or "the Company")                                                      
CAUTIONARY ANNOUNCEMENT RELATING TO THE POTENTIAL DISPOSAL BY GRO CAPITAL       
FINANCIAL SERVICES (PROPRIETARY) LIMITED ("GROCAP") OF ITS FARMERS LENDING BOOK 
TO THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA ("LAND BANK")     
Shareholders are advised that GROCAP, a wholly owned subsidiary of AFGRI        
OPERATIONS LIMITED, who in turn is a wholly owned subsidiary of AFGRI, is in    
negotiations with the LAND BANK, which negotiations, if successful, will result 
in the disposal by GROCAP of its farmers lending book to the LAND BANK ("the    
Proposed Transaction").                                                         
As the Proposed Transaction may have a material effect on the price of AFGRI`s  
shares, AFGRI shareholders are advised to exercise caution when dealing in their
AFGRI shares.  A further detailed announcement will be made once definitive     
transaction agreements have been concluded between GROCAP and the LAND BANK.    
Centurion                                                                       
4 July 2011                                                                     
Sponsor                                                                         
Investec Bank Limited                                                           
Date: Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                                      
Date: 04/07/2011 17:30:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
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