AFRIMAT LIMITED - Finalisation announcement -Acquisition of 60% of Diro Manganese PTY Limited and Diro Iron Ore Pty Limited by Afrimat

Finalisation announcement -Acquisition of 60% of Diro Manganese PTY Limited and Diro Iron Ore Pty Limited by Afrimat

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

FINALISATION ANNOUNCEMENT - ACQUISITION OF 60% OF DIRO MANGANESE PROPRIETARY
LIMITED AND DIRO IRON ORE PROPRIETARY LIMITED (“DIRO”) BY AFRIMAT

Shareholders are referred to the announcement on 11 October 2016 regarding an agreement to purchase
60% of DIRO (“the Acquisition” or “the Transaction”) from Diro Resources Proprietary Limited, as well as a
cession and delegation agreement with Investec Limited. The transaction was subject to a number of
conditions precedent, including the Section 11 approval being received in writing from the Department of
Mineral Resources (“DMR”).

Shareholders are hereby advised that the Section 11 approval has been granted by the DMR and all the
conditions precedent have been fulfilled and the transaction has now become unconditional.

Cape Town
13 July 2017
Sponsor: Bridge Capital Advisors Proprietary Limited

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