AFRIMAT LIMITED - Renewal of cautionary announcement

Renewal of cautionary announcement

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

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released by the Company, on 8 April 2019
whereby shareholders were advised that Afrimat had made a non-binding indicative offer to purchase
the entire issued share capital of Universal Coal plc, a company listed on the Australian stock
exchange, with operations in South Africa, for a maximum purchase price of A$0.40 for each Universal
share held.

The due diligence is currently in progress and as such shareholders are advised to continue exercising
caution when dealing in the Company’s securities until a further announcement is made.

24 May 2019
Cape Town
Sponsor: Bridge Capital Advisors Proprietary Limited

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