AFRIMAT LIMITED - Trading Update for the six months ended 31 August 2014

Trading Update for the six months ended 31 August 2014

Afrimat Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022534/06)
Code: AFT ISIN: ZAE 000086302
("Afrimat" or “the Company”)


TRADING UPDATE FOR THE SIX MONTHS ENDED 31 AUGUST 2014


In terms of the JSE Listings Requirements, companies are required to publish a trading statement as
soon as they are satisfied with a reasonable degree of certainty that the financial results of the period
to be reported upon will differ by 20% or more from the financial results of the previous corresponding
period.


Afrimat is pleased to announce that basic earnings per share (“EPS”) is expected to be between 59.0
and 64.0 cents per share (2013: 49.1 cents per share) reflecting an increase of between 20% and 30%
on the corresponding period; and


Headline earnings per share (“HEPS”) is also expected to be between 59.0 and 64.0 cents per share
(2013: 49.3 cents per share) reflecting an increase of between 20% and 30% on the corresponding
period.


The Mining & Aggregates segment generated satisfactory profits with good contributions from most
operations. The group’s industrial mineral operations performed well and the Infrasors turnaround
initiatives are progressing as planned.


Concrete Based Products achieved a good increase in profits resulting from cost reduction initiatives.
During the previous financial year, a strike at the Gauteng operation had impacted on costs.


The financial information on which this trading statement is based has not been reviewed by the
Company’s auditors. The Company’s financial results will be released on or about 6 November 2014.
By order of the Board of Directors

Johannesburg
21 October 2014
Sponsor: Bridge Capital Advisors Proprietary Limited

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