Dealings By Directors AFRIMAT LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/022534/06) Share code: AFT ISIN: ZAE000086302 (“Afrimat” or “the Company”) DEALINGS BY DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: 1. NAME OF DIRECTOR Andries van Heerden COMPANY OF WHICH A DIRECTOR Afrimat Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options/rights to acquire ordinary shares NATURE OF TRANSACTION Exercise of options/rights and receipt of shares in terms of the Afrimat Share Appreciation Rights scheme (Off-market transaction) EXERCISE DATE 9 November 2021 STRIKE PRICE R51.70 NUMBER OF OPTIONS/RIGHTS 166 227 EXERCISED AND SHARES RECEIVED TOTAL RAND VALUE R8,593,935.90 STRIKE DATE 4 November 2021 PERIOD OF EXERCISE 4 years from strike date NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 2. NAME OF DIRECTOR Pieter GS de Wit COMPANY OF WHICH A DIRECTOR Afrimat Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options/rights to acquire ordinary shares NATURE OF TRANSACTION Exercise of options/rights and receipt of shares in terms of the Afrimat Share Appreciation Rights scheme (Off-market transaction) EXERCISE DATE 9 November 2021 STRIKE PRICE R51.70 NUMBER OF OPTIONS/RIGHTS 69 864 EXERCISED AND SHARES RECEIVED TOTAL RAND VALUE R3,611,968.80 STRIKE DATE 4 November 2021 PERIOD OF EXERCISE 4 years from the strike date NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 3. NAME OF DIRECTOR Collin Ramukhubathi COMPANY OF WHICH A DIRECTOR Afrimat Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options/rights to acquire ordinary shares NATURE OF TRANSACTION Exercise of options/rights and receipt of shares in terms of the Afrimat Share Appreciation Rights scheme (Off-market transaction) EXERCISE DATE 9 November 2021 STRIKE PRICE R51.70 NUMBER OF OPTIONS/RIGHTS 38 545 EXERCISED AND SHARES RECEIVED TOTAL RAND VALUE R1,992,776.50 STRIKE DATE 4 November 2021 PERIOD OF EXERCISE 4 years from the strike date NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. DEALINGS IN SHARES BY DIRECTORS 1. NAME OF DIRECTOR Andries van Heerden COMPANY OF WHICH A DIRECTOR Afrimat Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Disposal of shares to settle tax liability relating to vested options/rights in the Afrimat Share Appreciation Rights scheme (Off-market transaction) DATE OF TRANSACTION 9 November 2021 PRICE PER SECURITY R51.70 NUMBER OF SECURITIES TRANSACTED 74 802 TOTAL RAND VALUE OF SECURITIES R3,867,263.40 TRANSACTED NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 2. NAME OF DIRECTOR Pieter GS de Wit COMPANY OF WHICH A DIRECTOR Afrimat Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Disposal of shares to settle tax liability relating to vested options/rights in the Afrimat Share Appreciation Rights scheme (Off-market transaction) DATE OF TRANSACTION 9 November 2021 PRICE PER SECURITY R51.70 NUMBER OF SECURITIES TRANSACTED 31 439 TOTAL RAND VALUE OF SECURITIES R1,625,396.30 TRANSACTED NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 3. NAME OF DIRECTOR Collin Ramukhubathi COMPANY OF WHICH A DIRECTOR Afrimat Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Disposal of shares to settle tax liability relating to vested options/rights in the Afrimat Share Appreciation Rights scheme (Off-market transaction) DATE OF TRANSACTION 9 November 2021 PRICE PER SECURITY R51.70 NUMBER OF SECURITIES TRANSACTED 17 345 TOTAL RAND VALUE OF SECURITIES R896,736.50 TRANSACTED NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 10 November 2021 Sponsor PSG Capital Date: 10-11-2021 05:00:00 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.