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Update - Diro Manganese Proprietary Limited And Diro Iron Ore Proprietary Limited Transaction
Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(“Afrimat” or “the Company”)
UPDATE - DIRO MANGANESE PROPRIETARY LIMITED AND DIRO IRON ORE PROPRIETARY
LIMITED (“DIRO”) TRANSACTION
Shareholders are referred to the announcement on 13 July 2017 regarding the finalisation of the
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.
Shareholders are hereby advised that Afrimat has concluded a sale of shares and claims agreement with
the minorities of DIRO to acquire the remaining 40% stake in DIRO as from 15 August 2017.
Furthermore, Diro Manganese Proprietary Limited has filed a notice of substantial implementation of its
business rescue plan with the Companies and Intellectual Property Commission, confirming that it has
exited business rescue as from 11 August 2017.
Shareholders are further advised that DIRO has concluded a final product sale agreement for its iron ore
product on 16 August 2017 and will now commence with delivery.
Cape Town
22 August 2017
Sponsor: Bridge Capital Advisors Proprietary Limited
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