AFT - Afrimat Limited - Finalisation Announcement - Acquisition by Afrimat

AFT - Afrimat Limited - Finalisation Announcement - Acquisition by Afrimat      
Limited of The Clinker Group                                                    
Afrimat Limited                                                                 
Incorporated in the Republic of South Africa                                    
(Registration number: 2006/022534/06)                                           
Share code: AFT    ISIN: ZAE000086302                                           
("Afrimat" or "the Company")                                                    
FINALISATION ANNOUNCEMENT - ACQUISITION BY AFRIMAT LIMITED OF THE CLINKER GROUP 
Shareholders are referred to the SENS announcements on 12 December 2011 and 7   
March 2012, regarding Afrimat entering into an agreement to acquire 100% of the 
issued ordinary share capital of S.A. Block (Pty) Limited and its 100% owned    
subsidiary Clinker Supplies (Pty) Limited (jointly referred to as the "Clinker  
Group" or "Group") ("the Transaction").                                         
Shareholders are hereby advised that all the closing date administrative matters
have been finalised and the Transaction is now unconditional.                   
Afrimat is excited about the scale of the potential opportunity of this         
acquisition, with Afrimat and the Clinker Group having complementary and        
supplementary strengths. Leveraging these combined strengths will result in new 
revenue opportunities as well as increased profitability, in line with its long 
term diversifications strategy.                                                 
Johannesburg                                                                    
15 March 2012                                                                   
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 15/03/2012 16:37:14 Supplied by www.sharenet.co.za                     
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