AFR - AFGRI Limited - Announcement relating to the disposal by GroCapital

AFR - AFGRI Limited - Announcement relating to the disposal by GroCapital       
Financial Services Proprietary Limited of its farmer lending book to the Land   
and Agricultural Development Bank of South Africa and withdrawal of cautionary  
AFGRI Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration Number: 1995/004030/06                                             
ISIN: ZAE000040549                                                              
JSE share code: AFR                                                             
("AFGRI" or "the Company")                                                      
FULFILMENT OF SUSPENSIVE CONDITIONS TO THE DISPOSAL BY GROCAPITAL FINANCIAL     
SERVICES PROPRIETARY LIMITED OF ITS FARMER LENDING BOOK TO THE LAND AND         
AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA ("THE TRANSACTION")               
Further to the SENS announcement of 24 October 2011, AFGRI is pleased to confirm
that all the conditions precedent to the Transaction have now been fulfilled and
that the effective date of the Transaction is 1 December 2011.                  
Centurion                                                                       
5 December 2011                                                                 
Attorneys for the Company and the Purchaser                                     
Brink Cohen Le Roux                                                             
Attorneys for GROCAP                                                            
Van der Merwe Attorneys                                                         
Attorneys for the Land Bank                                                     
Edward Nathan Sonnenbergs Inc                                                   
Advisors to the Land Bank                                                       
Nedbank Capital                                                                 
Sponsor of the Company                                                          
Investec Bank Limited                                                           
Date: 05/12/2011 08:34:01 Supplied by www.sharenet.co.za                     
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