AFRIMAT LIMITED - Dealings In Securities By A Director

Dealings In Securities By A Director

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 8
(grant date 8 May 2013). The earliest vesting date of this grant is 7 May 2016, 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
Purchase
Name of Director:                 Pieter GS de Wit (FD 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:              11 November 2016
Price per share:                  R28.99
Number of shares:                 56 544
Total value:                      R1 639 210.56
Nature of interest:               Direct beneficial

Sale
Name of Director:                 Pieter GS de Wit (FD 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:              11 November 2016
Price per share:                  R28.99
Number of shares:                 23 183
Total value:                   R672 075.17
Nature of interest:            Direct beneficial

Clearance to deal was obtained for both transactions in terms of paragraph 3.66 of the Listings
Requirements of the JSE Limited.

By order of the board of directors

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

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