AFRIMAT LIMITED - Voluntary Announcement Related to Impact Of COVID 19 Pandemic

Voluntary Announcement Related to Impact Of COVID 19 Pandemic

Afrimat Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022534/06)
Code: AFT ISIN: ZAE 000086302
("Afrimat" or “the Company”)


VOLUNTARY ANNOUNCEMENT RELATING TO IMPACT OF COVID 19 PANDEMIC


The Coronavirus (COVID-19) has been widely publicised and the board of directors and management of
Afrimat acknowledge the seriousness of the current situation. Afrimat’s priority is the health and safety of
its employees.


The Company continue to closely monitor the latest guidance from the health authorities. Management is
monitoring the situation closely and putting controls in place to prevent and minimise potential infections
and transmissions of the virus within the workplace. To date there are no confirmed cases of COVID-19
in any of Afrimat’s operations.


The Company has provided clear and defined communication to its employees in this regard and
provided guidance in the event of infections within the organisation. Appropriate contingency plans are
being developed to address known potential risks.


To date COVID-19 has not affected the group’s sales, and the group has not experienced any significant
operational disruptions.


The Company’s cash generation and balance sheet remain strong and the Company remains within its
agreed financial covenants. Should the impact of COVID-19 become material and quantifiable, the
Company will provide guidance thereto through the Stock Exchange News Service (“SENS”) platform in
terms of the JSE Listings Requirements.


Cape Town
18 March 2020
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 18-03-2020 05:29:00
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