AFT - Afrimat Limited - Dividend Declaration

AFT - Afrimat Limited - Dividend Declaration                                    
Afrimat Limited                                                                 
Incorporated in the Republic of South Africa                                    
(Registration number: 2006/022534/06)                                           
Share code: AFT    ISIN: ZAE000086302                                           
("Afrimat" or "the Company")                                                    
DIVIDEND DECLARATION                                                            
The board is pleased to announce that a final dividend of 13 cents per share    
(dividend no. 10) resulting in a total dividend of 19 cents per share (2011:    
17 cents per share)for the 12 months ended 29 February 2012, has been           
declared.                                                                       
Dividend Timetable                                                              
Declaration date                      Wednesday, 14 March 2012                  
Last date to trade                     Thursday, 29 March 2012                  
Shares commence trade ex dividend        Friday, 30 March 2012                  
Record date                             Thursday, 5 April 2012                  
Payment date                            Tuesday, 10 April 2012                  
Share certificates may not be dematerialised or rematerialised between          
Friday, 30 March 2012 and Thursday, 5 April 2012, both days inclusive.          
The dividend has been declared after exercising careful consideration and       
assessment of all factors that the board considers relevant to the              
declaration of this dividend, including the current macro-economic and          
business outlook. Afrimat adopts a dividend policy of three times cover, and    
based on estimates utilising unaudited management accounts for the 12 months    
ended 29 February 2012, with a current estimated profit before tax between      
R115 million and R120 million (2011: R108 million), the board considered the    
dividend to be appropriate.                                                     
The financial information on which this dividend declaration has been based     
has not been reviewed or reported on by Afrimat`s auditors. Afrimat`s results   
for the year ended 29 February 2012 are expected to be published on or about    
10 May 2012.                                                                    
Johannesburg                                                                    
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
14 March 2012                                                                   
Date: 14/03/2012 16:36:01 Supplied by www.sharenet.co.za                     
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