AFRIMAT LIMITED - Directors Dealings

Directors’ Dealings

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:                 Gert J Coffee
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:              7 February 2017
Price per share:                  R30.65
Number of shares:                 108 401
Total value:                      R3 322 490.65
Nature of interest:               Direct beneficial

Sale
Name of Director:                 Gert J Coffee
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:              7 February 2017
Price per share:                  R30.65
Number of shares:                 44 444
Total value:                      R1 362 208.60
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
7 February 2017
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 07/02/2017 12:19:00 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.