AFRIMAT LIMITED - Finalisation Announcement

Finalisation Announcement

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 - AFRICAN RAINBOW CAPITAL PROPRIETARY LIMITED’S
OFFER TO ACQUIRE A SIGNIFICANT MINORITY STAKE IN AFRIMAT

Shareholders are referred to the announcement on 23 September 2016 regarding an offer by African
Rainbow Capital Proprietary Limited (“ARC”) to purchase 26,300,000 shares in Afrimat, which comprises
approximately 18,36% of the share capital in Afrimat, from Afrimat Empowerment Investments Proprietary
Limited (‘AEI’) (“the transaction”). The transaction was subject to various conditions precedent, including
the participants of the Afrimat BEE Trust voting in favour of the offer.

Shareholders are hereby advised that the participants of the Afrimat BEE Trust have voted in favour of the
offer and the various conditions precedent have been met for the transaction. The closing date for
administrative matters have been finalised and the transaction is now unconditional.

Cape Town
9 November 2016
Sponsor: Bridge Capital Advisors Proprietary Limited

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