AFRIMAT LIMITED - Director and Company Secretary Dealings

Director and Company Secretary Dealings

Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(“Afrimat” or “the Company”)

DIRECTOR AND COMPANY SECRETARY 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
Purchase
Name of Director:                 Pieter GS de Wit
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:              30 May 2017
Price per share:                  R30.12
Number of shares:                 28 825
Total value:                      R868 209.00
Nature of interest:               Direct beneficial

Sale
Name of Director:                 Pieter GS de Wit
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:              30 May 2017
Price per share:                  R30.12
Number of shares:                 12 971
Total value:                      R390 686.52
Nature of interest:               Direct beneficial

Purchase
Name of Company Secretary:        Mariëtte Swart
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:              30 May 2017
Price per share:                  R30.12
Number of shares:                 12 010
Total value:                      R361 741.20
Nature of interest:               Direct beneficial

Sale
Name of Company Secretary:        Mariëtte Swart
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:              30 May 2017
Price per share:                  R30.12
Number of shares:                 4 924
Total value:                      R148 310.88
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
1 June 2017

Sponsor: Bridge Capital Advisors Proprietary Limited

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