AFGRI LIMITED - Voluntary Trading Update

Voluntary Trading Update

AFGRI Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1995/004030/06
ISIN: ZAE000040549
JSE share code: AFR
("AFGRI” or “the Company”)

Voluntary trading update

The management of AFGRI expects earnings per share and headline
earnings per share from all operations to be between 12 – 18% lower
than the previous comparable interim period.

The overall performance was overshadowed by a challenging trading
environment in the Foods segment, characterised by input cost
inflation and a drop in consumer demand on the back of significant
poultry imports into the local economy as well as margin squeeze
in the Retail business unit.

The AFGRI interim results for the period ended 31 December 2012
will be released on SENS on 13 March 2013.

This trading update has not been reviewed or reported on by AFGRI’s
external auditor

Centurion: 5 March 2013

Sponsor of the Company
Investec Bank Limited

Date: 05/03/2013 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.