AFRIMAT LIMITED - Trading statement for the period ended 31 August 2019

Trading statement for the period ended 31 August 2019

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


TRADING STATEMENT FOR THE PERIOD ENDED 31 AUGUST 2019

Afrimat will take part in the RMB Ninth Annual Off Piste Investor Conference, which will be held in Cape
Town on the 18th of September 2019. Management is satisfied that a reasonable degree of certainty exists
that the financial results for the period ended 31 August 2019 will differ by at least 20% from the previous
corresponding period. The directors therefore wish to disclose the expected movement in financial results in
terms of 3.4(b) of the JSE Listings Requirements.

The Company expects earnings per share (“EPS”) to be between 168.5 cents and 187.2 cents per share
(2018: 93.6 cents per share) reflecting an increase of between 80% and 100% on the previous period.

The Company expects headline earnings per share (“HEPS”) to be between 167.6 cents and 186.2 cents per
share (2018: 93.1 cents per share) reflecting an increase of between 80% and 100% on the previous period.

Afrimat is pleased with improved results from the Construction Materials segment, the strong growth of the
Industrial Minerals businesses and the healthy contribution from the Demaneng iron ore mine. Afrimat will
release a further trading statement providing more accurate parameters during the latter part of September
2019.

The financial information on which this trading statement is based has not been reviewed nor reported on by
the Company’s auditors. The Company’s financial results will be released on or about 31 October 2019.

By order of the board of directors of the Company


Cape Town
18 September 2019
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 18/09/2019 07:05:00
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