AFRIMAT LIMITED - Directors Dealings

Directors Dealings

Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(“Afrimat” or “the Company”)


DIRECTORS’ DEALINGS

In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited, the
information below is disclosed.

Afrimat Share Appreciation Rights scheme
Afrimat’s senior management are participants of the Afrimat Share Appreciation Rights scheme grant 7
(grant date 9 May 2012). The earliest vesting date of this grant is 8 May 2015, subject thereto that
minimum profit growth targets are achieved during the three year vesting period. The minimum growth
targets have been exceeded and the participants may now exercise their rights.

Rights exercised
Director 1 - Purchase
Name of Director:                 Andries van Heerden (CEO of Afrimat Limited)
Class of securities:              Ordinary shares
Nature of transaction:            Receipt of shares as settlement of vested rights in the Afrimat Share
                                  Appreciation Rights scheme (Off market transaction)
Date of transaction:              29 May 2015
Price per share:                  R 18.73
Number of shares:                 319 519
Total value:                      R 5 984 590.87
Nature of interest:               Direct beneficial

Director 1 - Sale
Name of Director:                 Andries van Heerden (CEO of Afrimat Limited)
Class of securities:              Ordinary shares
Nature of transaction:            Disposal of shares to settle tax liability relating to vested rights in the
                                  Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:              29 May 2015
Price per share:                  R 18.73
Number of shares:                 131 003
Total value:                   R 2 453 686.19
Nature of interest:            Direct beneficial

Clearance was given in terms of paragraph 3.66 of the Listings Requirements of the JSE Limited.

Director 2 - Purchase
Name of Director:              Gert Coffee (Executive Director of Afrimat Limited)
Class of securities:           Ordinary shares
Nature of transaction:         Receipt of shares as settlement of vested rights in the (Off market
                               transaction)
Date of transaction:           29 May 2015
Price per share:               R 18.73
Number of shares:              138 922
Total value:                   R 2 602 009.06
Nature of interest:            Direct beneficial

Director 2 - Sale
Name of Director:              Gert Coffee (Executive Director of Afrimat Limited)
Class of securities:           Ordinary shares
Nature of transaction:         Disposal of shares to settle tax liability relating to vested rights in the
                               Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:           29 May 2015
Price per share:               R 18.73
Number of shares:              56 958
Total value:                   R 1 066 823.34
Nature of interest:            Direct beneficial

Clearance was given in terms of paragraph 3.66 of the Listings Requirements of the JSE Limited.

By order of the Board of Directors
Cape Town
03 June 2015
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 03/06/2015 11:05:00 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.