AFRIMAT LIMITED - FINALISATION ANNOUNCEMENT - ACQUISITION BY AFRIMAT OF 100% OF CAPE LIME PROPRIETARY LIMITED

FINALISATION ANNOUNCEMENT - ACQUISITION BY AFRIMAT OF 100% 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”)

FINALISATION ANNOUNCEMENT - ACQUISITION BY AFRIMAT OF 100% OF CAPE LIME
PROPRIETARY LIMITED

Shareholders are referred to the announcements on 12 October 2015 and 23 March 2016 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 regulatory approval for the purchase of the shares in Cape Lime from the
Department of Minerals and Resources (“DMR”) in terms of Section 11 of the provisions of the Minerals
Act has been granted. Shareholders are hereby advised that the Acquisition is now unconditional. The
effective date of the Acquisition is 31 March 2016.

Further to the announcement released on SENS on 23 March 2016, shareholders are advised that the
process to dispose of Afrimat’s Keurkloof quarry located on Portion 2 of Farm Wolvekloof No. 49 is
ongoing and the disposal is not expected to have a material effect on the financial results of Afrimat.

Afrimat is excited about the scale of the opportunity of the Acquisition, with Afrimat and Cape Lime having
complementary and supplementary strengths. Leveraging these combined strengths and synergies will
result in new revenue opportunities as well as increased profitability, in line with Afrimat’s long term
diversification strategy.

Cape Town
5 April 2016
Sponsor: Bridge Capital Advisors Proprietary Limited

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