AFR - AFGRI - Dealings in securities by a director

AFR - AFGRI  - 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          13 March 2012                                      
Nature of transaction        Exercise of  deferred right to                     
                            sell shares - off market                            
Class of Securities          Ordinary shares                                    
Number of rights exercised   8 889                                              
Exercise price               R5.81                                              
Strike price                 R5.38                                              
Total value                  R3 822.27                                          
Nature of Interest           Direct beneficial                                  
Clearance obtained           Yes                                                
Centurion                                                                       
14 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Scheme has since been replaced by the AFGRI Executive Share Scheme."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: 14/03/2012 13:08:01 Supplied by www.sharenet.co.za                     
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