AFRIMAT LIMITED - Update on the acquisition by Afrimat of Cape Lime Proprietary Limited

Update on the acquisition by Afrimat of Cape Lime Proprietary Limited

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

UPDATE ON THE ACQUISITION BY AFRIMAT OF 100% OF CAPE LIME PROPRIETARY LIMITED

Shareholders are referred to the announcement on 12 October 2015, regarding Afrimat concluding an
agreement in respect of the acquisition of 100% of the issued ordinary shares of Cape Lime Proprietary
Limited (“Cape Lime”) (“the Acquisition”).

Shareholders are advised that conditional Competition Commission approval has been received for the
Acquisition. The Competition Commission has requested that Afrimat dispose of Afrimat’s Keurkloof
quarry located on Portion 2 of Farm Wolvekloof No. 49 which is owned by Afrimat’s wholly owned
subsidiary, Afrimat Aggregates Operations Proprietary Limited.

The remaining condition precedent for the Acquisition to become unconditional is the regulatory approval
for the purchase of the Shares in the Company from the Department of Minerals and Resources (“DMR”) in
terms of Section 11 of the provisions of the Minerals Act.

Save as disclosed above, there has been no significant change affecting any matter contained in the
earlier announcement and no other significant new matters have arisen that would have been required to
be mentioned in the earlier announcement if they had arisen at the time of the preparation of that
announcement. Further announcements will be made once the Acquisition becomes unconditional.

Cape Town
23 March 2016
Sponsor: Bridge Capital Advisors Proprietary Limited

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