AFR - AFGRI Limited - Dealings in securities by a director

AFR - AFGRI Limited - Dealings in securities by a director                      
AFGRI Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number: 1995/004030/06 ISIN: ZAE000040549                          
Share Code: AFR ("AFGRI")                                                       
DEALINGS IN SECURITIES BY A DIRECTOR                                            
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                CP Venter                                               
Company                 AFGRI Limited                                           
Date of transaction     12 March 2012                                           
Nature of transaction   Exercise of  deferred right to sell                     
                       shares - off market                                      
Class of Securities     Ordinary shares                                         
Number of rights        4000                                                    
exercised                                                                       
Exercise price          R5.80                                                   
Strike price            R5.38                                                   
Total value             R1 680.00                                               
Nature of Interest      Direct beneficial                                       
Clearance obtained      Yes                                                     
Centurion                                                                       
13 March 2012                                                                   
Sponsor Investec Bank Limited                                                   
"Mr Venter has exercised shares vested in terms of the previous AFGRI share     
options scheme. These share options have expired under the previous scheme      
and Mr Venter can therefore no longer retain these options.   The Option        
Share Scheme has since been replaced by the AFGRI Executive Share Scheme."      
Date: 13/03/2012 16:23:01 Supplied by www.sharenet.co.za                     
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