Declaration Of Cash Dividend AFRIMAT LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/022534/06) Share code: AFT ISIN: ZAE000086302 (“Afrimat” or “the Company”) DECLARATION OF CASH DIVIDEND Shareholders are hereby advised that the board of directors of the Company has approved and declared a final gross dividend, No.26 of 81.0 cents per ordinary share, from income reserves for the year ended 29 February 2020. The dividend is subject to a local dividend withholding tax rate of 20%, resulting in a net dividend of 64.8 cents per ordinary share, unless the shareholder is exempt from paying dividend withholding tax or is entitled to a reduced rate of dividend withholding tax in terms of an applicable double-taxation agreement. As at the date of this announcement, the Company has 143 262 412 ordinary shares of no par value in issue. The Company’s income tax reference number is 9568738158. SALIENT DATES AND TIMES Shareholders are hereby advised of the following salient dates and times for the payment of the dividend: Last day to trade cum dividend Tuesday, 1 September 2020 Trading ex-dividend commences Wednesday, 2 September 2020 Record date Friday, 4 September 2020 Payment date Monday, 7 September 2020 Share certificates may not be dematerialised or rematerialised between Wednesday, 2 September 2020 and Friday, 4 September 2020, both days inclusive. Cape Town 27 July 2020 Sponsor PSG Capital Date: 27-07-2020 07:05:00 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.