Results of the 2019 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 2019 ANNUAL GENERAL MEETING AND BUSINESS UPDATE Afrimat shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on Wednesday, 31 July 2019, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. Afrimat had 143 262 412 ordinary shares in issue at the time of the AGM. The meeting was represented by 111 453 927 Afrimat shares voting in person or by proxy. This represents 78,1% of the total issued share capital that can be exercised at the meeting. All resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage of total issued share capital that can be exercised of the Company), ordinary shares voted (as a percentage of total issued share capital that can be exercised of the Company) as well as the percentage of votes carried for and against each resolution (as a percentage of shares voted), are as follows: Ordinary resolution number 1: Adoption of the 2019 annual financial statements For Against Abstain Shares voted 111 026 045 114 174 296 755 111 157 172 99.90% 0.10% 0.21% 77.59% Ordinary resolution number 2: Issuing unissued shares or other equity securities for cash For Against Abstain Shares voted 90 900 852 20 239 367 378 707 111 075 220 81.79% 18.21% 0.26% 77.53% Ordinary resolution number 3: To place unissued ordinary shares under the directors’ control For Against Abstain Shares voted 101 168 061 9 972 158 378 707 111 075 220 91.03% 8.97% 0.26% 77.53% Ordinary resolution number 4: Re-election of Mr. Helmut N Pool as a director of the Company For Against Abstain Shares voted 110 964 082 176 137 408 136 111 045 791 99.84% 0.16% 0.28% 77.51% Ordinary resolution number 5: Re-election of Mr. Johannes HP van der Merwe as a director of the Company For Against Abstain Shares voted 102 170 657 8 969 562 395 660 111 058 267 91.93% 8.07% 0.28% 77.52% Ordinary resolution number 6: Election of Mr. Gert Coffee as a director of the Company For Against Abstain Shares voted 102 153 692 8 986 527 395 660 111 058 267 91.91% 8.09% 0.28% 77.52% Ordinary resolution number 7.1: Re-election of Mr. Loyiso Dotwana as a member of the Audit & Risk Committee For Against Abstain Shares voted 102 755 738 8 384 481 394 263 111 059 664 92.46% 7.54% 0.28% 77.52% Ordinary resolution number 7.2: Re-election of Mr. Helmut N Pool as a member of the Audit & Risk Committee For Against Abstain Shares voted 110 943 103 197 116 412 612 111 041 315 99.82% 0.18% 0.29% 77.51% Ordinary resolution number 7.3: Re-election of Mr. Jacobus F van der Merwe as a member of the Audit & Risk Committee For Against Abstain Shares voted 110 932 636 207 583 395 660 111 058 267 99.81% 0.19% 0.28% 77.52% Ordinary resolution number 7.4: Re-election of Mr. Hendrik JE van Wyk as a member of the Audit & Risk Committee For Against Abstain Shares voted 109 476 677 1 663 542 395 660 111 058 267 98.50% 1.50% 0.28% 77.52% Ordinary resolution number 7.5: Re-election of Mr. Marthinus W von Wielligh as a member of the Audit & Risk Committee For Against Abstain Shares voted 102 764 375 8 375 844 404 136 111 049 791 92.46% 7.54% 0.28% 77.51% Ordinary resolution number 8: To authorise the directors to reappoint the auditor, PricewaterhouseCoopers Inc. together with Mr. Frans Weilbach as the individual registered auditor and to fix their remuneration For Against Abstain Shares voted 111 067 711 72 508 415 423 111 038 504 99.93% 0.07% 0.29% 77.51% Ordinary resolution number 9: Non-binding advisory vote – Remuneration policy For Against Abstain Shares voted 102 742 164 8 398 055 415 423 111 038 504 92.44% 7.56% 0.29% 77.51% Ordinary resolution number 10: To approve the implementation report in terms of King IV For Against Abstain Shares voted 105 188 344 5 951 875 508 661 110 945 266 94.64% 5.36% 0.36% 77.44% Ordinary resolution number 11: To approve the new forfeitable share plan (“FSP”) rules For Against Abstain Shares voted 103 300 093 7 840 126 474 756 110 979 171 92.95% 7.05% 0.33% 77.47% Ordinary resolution number 12: To authorise the directors of the Company or the Company Secretary to sign documentation For Against Abstain Shares voted 111 085 282 54 937 474 756 110 979 171 99.95% 0.05% 0.33% 77.47% Special resolution number 1: To give directors general authority to repurchase Company shares For Against Abstain Shares voted 111 015 920 124 299 313 708 111 140 219 99.89% 0.11% 0.22% 77.58% Special Resolution Number 2.1: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Afrimat Chairman For Against Abstain Shares voted 110 658 975 481 244 364 565 111 089 362 99.57% 0.43% 0.25% 77.54% Special Resolution Number 2.2: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Afrimat Non-executive director For Against Abstain Shares voted 110 608 095 532 124 364 565 111 089 362 99.52% 0.48% 0.25% 77.54% Special Resolution Number 2.3.1: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Audit & Risk Committee Chairman For Against Abstain Shares voted 110 650 607 489 612 339 136 111 114 791 99.56% 0.44% 0.24% 77.56% Special Resolution Number 2.3.2: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Audit & Risk Committee Member For Against Abstain Shares voted 110 701 443 438 776 347 613 111 106 314 99.61% 0.39% 0.24% 77.55% Special Resolution Number 2.4.1: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Remuneration Committee Chairman For Against Abstain Shares voted 110 658 939 481 280 373 041 111 080 886 99.57% 0.43% 0.26% 77.54% Special Resolution Number 2.4.2: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Nominations Committee Chairman For Against Abstain Shares voted 110 658 865 481 354 389 994 111 063 933 99.57% 0.43% 0.27% 77.52% Special Resolution Number 2.4.3: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Remuneration & Nominations Committee Member For Against Abstain Shares voted 110 701 108 439 111 432 375 111 021 552 99.60% 0.40% 0.30% 77.50% Special Resolution Number 2.5.1: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Social & Ethics and Sustainability Committee Chairman For Against Abstain Shares voted 110 667 383 472 836 381 518 111 072 409 99.57% 0.43% 0.27% 77.53% Special Resolution Number 2.5.2: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Social & Ethics and Sustainability Committee Member For Against Abstain Shares voted 110 701 275 438 944 389 994 111 063 933 99.61% 0.39% 0.27% 77.52% Special Resolution Number 2.6: To give the Company general authority to pay fixed fee annual payments to non-executive directors - Investment Review Committee Chairman For Against Abstain Shares voted 110 667 383 472 836 381 518 111 072 409 99.57% 0.43% 0.27% 77.53% Special resolution number 3: Provision of financial assistance for subscription of securities For Against Abstain Shares voted 103 466 546 7 673 673 344 802 111 109 125 93.10% 6.90% 0.24% 77.56% Special resolution number 4: General authority to provide financial assistance to related or inter-related companies and others For Against Abstain Shares voted 110 999 896 140 323 370 231 111 083 696 99.87% 0.13% 0.26% 77.54% Following the annual general meeting 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. 1 August 2019 Cape Town Sponsor: Bridge Capital Advisors Proprietary Limited Date: 01/08/2019 05:38:00 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.