AFRIMAT LIMITED - Voluntary Announcement Relating to Impact of COVID-19 Pandemic

Voluntary Announcement Relating 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


On 23 March 2020, President Cyril Ramaphosa declared a national shutdown for 21 days in South
Africa, effective midnight on Thursday 26 March. Afrimat supports and complies with the president and
South African government’s stringent measures in place to overcome this virus.


As a result, the majority of Afrimat’s operations will cease all operations and trading, and the Company is
putting measures in place to ensure the safe resumption of operations post the lock down period. Certain
critical operations within our industrial mineral cluster, will be allowed to stay open as it supplies critical
chemicals to the water and sanitation industries. In line with World Health Organisation (WHO) guidelines
and national government guidance, Afrimat will continue to strengthen precautionary measures to ensure
that its employees are able to work safely. The Company continues to closely monitor the latest guidance
from the health authorities. To date there are no confirmed cases of COVID-19 in any of Afrimat’s
operations.


The Company’s balance sheet remain strong and the Company will meet all necessary responsibilities
and obligations during the lockdown period. The effects of the Coronavirus are changing rapidly and the
consequences of the COVID-19 pandemic cannot be reasonably estimated at this time. 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
26 March 2020
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 26-03-2020 11:30:00
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