AFRIMAT LIMITED - Acquisition Of Ordinary Shares By Directors In Terms Of The Afrimat Forfeitable Share Plan

Acquisition Of Ordinary Shares By Directors In Terms Of The Afrimat Forfeitable Share Plan

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

ACQUISITION OF ORDINARY SHARES BY DIRECTORS IN TERMS OF THE AFRIMAT
FORFEITABLE SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:

1.
 NAME OF DIRECTOR                               Pieter GS de Wit

 COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Acquisition of ordinary shares through the
                                                vesting of awards in terms of the Afrimat
                                                Forfeitable    Share    Plan    (off-market
                                                transaction)

 DATE OF AWARD                                  30 November 2018

 DATE OF VESTING                                30 November 2021

 DATE OF TRANSACTION                            30 November 2021

 DEEMED PRICE PER SHARE                         R51.25
                                                (closing price on 30 November 2021)

 NUMBER OF SECURITIES ACQUIRED                  35 750
 AFTER SETTLEMENT OF TAX

 DEEMED TOTAL RAND VALUE OF                     R1 832 187.50
 SECURITIES TRANSACTED

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION

2.
 NAME OF DIRECTOR                               Collin Ramukhubathi

 COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Acquisition of ordinary shares through the
                                                vesting of awards in terms of the Afrimat
                                                Forfeitable    Share    Plan    (off-market
                                                transaction)

 DATE OF AWARD                                  30 November 2018

 DATE OF VESTING                                30 November 2021

 DATE OF TRANSACTION                            30 November 2021

 DEEMED PRICE PER SHARE                         R51.25


 NUMBER OF SECURITIES ACQUIRED                  35 750
 AFTER SETTLEMENT OF TAX                        (closing price on 30 November 2021)

 DEEMED TOTAL RAND VALUE OF                     R1 832 187.50
 SECURITIES TRANSACTED

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
1 December 2021

Sponsor
PSG Capital

Date: 01-12-2021 05:00:00
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