Allocation of Forfeitable Shares Afrimat Limited Incorporated in the Republic of South Africa (Registration number: 2006/022534/06) Share code: AFT ISIN: ZAE000086302 (“Afrimat” or “the Company”) ALLOCATION OF FORFEITABLE SHARES In compliance with paragraphs 3.63 of the Listings Requirements of the JSE Limited, the following award of forfeitable shares in terms of the company’s Forfeitable Share Plan (‘FSP’) should be noted: Name of Director: Andries J van Heerden Designation: Chief Executive Officer (‘CEO’) Number of forfeitable shares awarded: 105 200 Price at which shares were awarded (Award date): R28.50 Value: R2 998 200 Date award approved: Approved by the board of directors on 20 February 2019 Effective date of award: 25 February 2019 Acceptance of award: 25 February 2019 Vesting: 25 February 2022 Nature of type of transaction: Direct beneficial off-market Clearance obtained: Yes The CEO’s overall performance qualifies him for the allocation of forfeitable shares in terms of the company’s FSP. The restricted share award vests after a period of three years. The award will be forfeited if the participant leaves employment during the restricted period (except if the participant is a ‘good leaver’ under the scheme rules). Participants earn dividends on shares awarded under the FSP. By order of the board of directors Cape Town 25 February 2019 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 25/02/2019 02:45:00 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.
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