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 9
(grant date 14 May 2014). The earliest vesting date of this grant is 13 May 2017, 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
Director 1 - Purchase
Name of Director:                 Andries van Heerden (CEO 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:              25 May 2017
Price per share:                  R29.56
Number of shares:                 94 114
Total value:                      R2 782 010
Nature of interest:               Direct beneficial

Director 1 - Sale
Name of Director:                 Andries van Heerden (CEO 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:              25 May 2017
Price per share:                  R29.56
Number of shares:                 42 351
Total value:                    R1 251 896
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.

Furthermore Mr. van Heerden disposed of 300 000 Afrimat shares as part of a diversification strategy of
his personal investment portfolio. The remaining Afrimat shares held by Mr. van Heerden still forms the
main part of his investment portfolio.

Name of director:               Andries J van Heerden (CEO of Afrimat Limited)
Date of transaction:            24 May 2017
Price per share:                R29.50
Number of shares:               300 000
Total value:                    R8 850 000
Class of securities:            Ordinary shares
Nature of transaction:          Sale (On market transaction)
Nature of interest:             Direct Beneficial
Clearance to deal obtained:     Yes


By order of the board of directors
Cape Town
26 May 2017

Sponsor: Bridge Capital Advisors Proprietary Limited

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