Beneficial interest in securities Afrimat Limited Incorporated in the Republic of South Africa (Registration number: 2006/022534/06) Share code: AFT ISIN: ZAE000086302 (“Afrimat” or “the Company”) DISCLOSURE OF DISPOSAL OF SECURITIES BY AFRIMAT EMPOWERMENT INVESTMENTS PROPRIETARY LIMITED AND ACQUISITION OF SECURITIES BY AFRICAN RAINBOW CAPITAL PROPRIETARY LIMITED In accordance with section 122(3)(b) of the Companies Act No. 71 of 2008 as amended (“the Act”) and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that Afrimat Empowerment Investments (“AEI”) has decreased its interest in securities of the Company such that the total interest in the securities of the Company held by AEI collectively amounts to 4,64% of the ordinary share capital of the Company. In accordance with section 122(3)(b) of the Companies Act No. 71 of 2008 as amended (“the Act”) and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that African Rainbow Capital Proprietary Limited (“ARC”), has acquired an interest in the securities of the Company such that the total interest in the securities of the Company held by ARC collectively amounts to 18.36% of the ordinary share capital of the Company. Cape Town 14 December 2016 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 14/12/2016 12:30:00 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.