AFR - AFGRI Limited - Dealings in securities by a director

AFR - AFGRI Limited - Dealings in securities by a director                      
AFGRI Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number: 1995/004030/06 ISIN: ZAE000040549                          
Share Code: AFR ("AFGRI")                                                       
DEALINGS IN SECURITIES BY A DIRECTOR                                            
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                         CP Venter                                      
Company                          AFGRI Limited                                  
Date of transaction              29 February 2012                               
Nature of transaction            Exercise of  deferred right to sell            
                                shares - off market                             
Class of Securities              Ordinary shares                                
Number of rights exercised       30 000                                         
Exercise price                   R5.83                                          
Strike price                     R4.62                                          
Total value                      R36 300.00                                     
Nature of Interest               Direct beneficial                              
Clearance obtained               Yes                                            
Director                         CP Venter                                      
Company                          AFGRI Limited                                  
Date of transaction              02 March 2012                                  
Nature of transaction            Exercise of  deferred right to sell            
                                shares - off market                             
Class of Securities              Ordinary shares                                
Number of rights exercised       200 820                                        
Exercise price                   R5.73                                          
Strike price                     R4.62                                          
Total value                      R222 910.20                                    
Nature of Interest               Direct beneficial                              
Clearance obtained               Yes                                            
Director                         CP Venter                                      
Company                          AFGRI Limited                                  
Date of transaction              02 March 2012                                  
Nature of transaction            Exercise of  deferred right to sell            
                                shares - off market                             
Class of Securities              Ordinary shares                                
Number of rights exercised       99 180                                         
Exercise price                   R5.73                                          
Strike price                     R5.38                                          
Total value                      R34 713.00                                     
Nature of Interest               Direct beneficial                              
Clearance obtained               Yes                                            
Centurion                                                                       
05 March 2012                                                                   
Sponsor Investec Bank Limited                                                   
"Mr Venter has exercised shares vested in terms of the previous AFGRI share     
options scheme. These share options have expired under the previous scheme and  
Mr Venter can therefore no longer retain these options.   The Option Share      
Scheme has since been replaced by the AFGRI Executive Share Scheme."            
Date: 05/03/2012 14:18:02 Supplied by www.sharenet.co.za                     
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