Results Of The Annual General Meeting And Business Update AFRIMAT LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/022534/06) Share code: AFT ISIN: ZAE000086302 (“Afrimat” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING AND BUSINESS UPDATE Shareholders are hereby advised that at the annual general meeting of the Company held entirely by electronic communication at 14:00 on Wednesday, 29 July 2020 (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the AGM are as follows: Resolutions Votes for Votes Number of Number of Number of proposed at the resolution against shares shares shares AGM as a resolution voted at voted at abstained percentage as a AGM AGM as a as a of total percentage percentage percentage number of of total of shares in of shares in shares number of issue issue voted at shares AGM voted at AGM Special resolution 99.99% 0.01% 109 176 096 76.21% 0.06% number 1: To give directors general authority to repurchase Company shares Special resolution number 2: To give the Company general authority to pay fixed fee annual payments to non- executive directors 2.1: Afrimat 99.99% 0.01% 109 175 896 76.21% 0.06% Chairman 2.2: Afrimat non- 99.99% 0.01% 109 175 896 76.21% 0.06% executive director 2.3.1: Audit & Risk 99.99% 0.01% 109 153 396 76.19% 0.08% Committee Chairman 2.3.2: Audit & Risk 99.99% 0.01% 109 153 396 76.19% 0.08% Committee Member 2.4.1: 99.99% 0.01% 109 175 896 76.21% 0.06% Remuneration Committee Chairman 2.4.2: Nominations 99.99% 0.01% 109 175 896 76.21% 0.06% Committee Chairman 2.4.3: 99.99% 0.01% 109 175 896 76.21% 0.06% Remuneration & Nominations Committee Member 2.5.1: Social & 99.99% 0.01% 109 175 896 76.21% 0.06% Ethics and Sustainability Committee Chairman 2.5.2: Social & 99.99% 0.01% 109 175 896 76.21% 0.06% Ethics and Sustainability Committee Member 2.6: Investment 99.99% 0.01% 109 175 896 76.21% 0.06% Review Committee Chairman Special resolution 91.02% 8.98% 109 175 896 76.21% 0.06% number 3: Provision of financial assistance for subscription of securities Special resolution 98.11% 1.89% 109 175 396 76.21% 0.06% number 4: To give the Company general authority to provide financial assistance to related or inter- related companies and others Special resolution 87.22% 12.78% 105 377 977 73.56% 2.71% number 5: Non-executive director’s award of ex gratia bonus Ordinary resolution 99.75% 0.25% 109 174 332 76.21% 0.06% number 1: To adopt the 2020 annual financial statements Ordinary resolution 91.61% 8.39% 109 175 896 76.21% 0.06% number 2: To issue unissued shares or other equity securities for cash Ordinary resolution 95.55% 4.45% 109 175 896 76.21% 0.06% number 3: To place unissued shares under directors’ control Ordinary resolution 97.99% 2.01% 109 171 332 76.20% 0.07% number 4: To re-elect Mr Hennie JE van Wyk as a director of the Company Ordinary resolution 97.81% 2.19% 109 171 332 76.20% 0.07% number 5: To re-elect Mr Loyiso Dotwana as a director of the Company Ordinary resolution 100.00% 0.00% 109 148 832 76.19% 0.08% number 6: To re-elect Mr Jacobus F van der Merwe as a director of the Company Ordinary resolution 98.52% 1.48% 109 171 332 76.20% 0.07% number 7: To elect Mr Collin Ramukhubathi as a director of the Company Ordinary resolution number 8: To re-elect the Audit & Risk Committee members of the Company 8.1: Mr Loyiso 89.36% 10.64% 109 171 332 76.20% 0.07% Dotwana 8.2: Mr Helmut N 100.00% 0.00% 109 171 332 76.20% 0.07% Pool 8.3: Mr Jacobus F 100.00% 0.00% 109 148 832 76.19% 0.08% van der Merwe 8.4: Mr Hendrik JE 93.41% 6.59% 109 171 332 76.20% 0.07% van Wyk 8.5: Mr Marthinus 85.69% 14.31% 109 171 332 76.20% 0.07% W von Wielligh Ordinary resolution 100.00% 0.00% 109 174 332 76.21% 0.06% number 9: To authorise the directors to reappoint the auditor, PricewaterhouseCo opers together with Frans Weilbach as the individual registered auditor and to fix their remuneration Ordinary resolution 88.89% 11.11% 109 173 731 76.21% 0.06% number 10: To approve the remuneration policy as a non-binding advisory vote Ordinary resolution 95.92% 4.08% 109 174 332 76.21% 0.06% number 11: To approve the implementation report in terms of King IV™ Ordinary resolution 100.0% 0.00% 109 175 896 76.21% 0.06% number 12: To authorise the directors or the Company Secretary to sign documentation Note: Total number of shares in issue as at the date of the AGM was 143 262 412. Following the AGM a business update was presented by Mr. Andries J van Heerden, the Chief Executive Officer. This presentation is available on the Company’s website www.afrimat.co.za. Cape Town 30 July 2020 Sponsor PSG Capital Date: 30-07-2020 09:35:00 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.