AFRIMAT LIMITED - Dealings by directors

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:


 NAME OF DIRECTOR                              Andries van Heerden

 COMPANY OF WHICH A DIRECTOR                   Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE               Executive

 TYPE AND CLASS OF SECURITIES                  Rights to acquire ordinary shares

 NATURE OF TRANSACTION                         Exercise of share appreciation rights and
                                               receipt of shares in terms of the Afrimat
                                               Share Appreciation Rights Scheme (off-
                                               market transaction)

 AWARD DATE                                    26 May 2021

 VESTING DATE                                  25 May 2024

 AWARD PRICE                                   R48.00

 EXERCISE DATE                                 27 May 2024

 EXERCISE PRICE (30-DAY VWAP                   R65.53
 PRECEDING THE EXERCISE DATE)

 NUMBER OF RIGHTS EXERCISED                    260 000

 NUMBER OF SHARES RECEIVED (NET OF             38 254
 TAX)

 TOTAL RAND VALUE OF SHARES                    R 2 506 784.62
 RECEIVED

 PERIOD OF EXERCISE                            4 years from the vesting 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.


Cape Town
27 May 2024

Sponsor
Valeo Capital (Pty) Ltd

Date: 27-05-2024 04:20:00
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