AFRIMAT LIMITED - Acceptance of awards of shares in terms of the Afrimat Forfeitable Share Plan

Acceptance of awards of shares in terms of the Afrimat Forfeitable Share Plan

AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
("Afrimat" or "the Company")


ACCEPTANCE OF AWARDS OF SHARES IN TERMS OF THE AFRIMAT FORFEITABLE SHARE PLAN


In compliance with paragraphs 6.77 to 6.89 of the JSE Limited Listings Requirements
("Listings Requirements"), the following information is disclosed:

 NAME OF DIRECTOR                              Andries J van Heerden (1)
                                               Collin Ramukhubathi   (2)
                                               Marthinus G Odendaal  (3)
                                               Pieter GS De Wit      (4)
 
 COMPANY OF WHICH A DIRECTOR                   Afrimat Limited (1 – 4)

 STATUS: EXECUTIVE/NON-EXECUTIVE               Executive (1 – 4)

 TYPE AND CLASS OF SECURITIES                  Ordinary shares (1 – 4)

 NATURE OF TRANSACTIONS                        Acceptance of awards of ordinary shares
                                               in terms of the Afrimat Forfeitable Share
                                               Plan (off-market transaction) (1 – 4)

 DATE OF ACCEPTANCE OF AWARD                   4 August 2026 (1 – 4)

 DATE OF VESTING                               2 August 2029 (1 – 4)
                                               (subject to the fulfilment of vesting conditions)
                                             
 DEEMED PRICE PER SHARE                        R 27.59 (1 – 4)
                                               (based on the closing price on 31 July 2026)
                                             
 NUMBER OF SECURITIES ACQUIRED                 150 000 (1)
                                               90 000  (2)
                                               90 000  (3)
                                               90 000  (4)

 DEEMED TOTAL RAND VALUE OF                    R4 138 500.00 (1)
 SECURITIES TRANSACTED                         R2 483 100.00 (2)
                                               R2 483 100.00 (3)
                                               R2 483 100.00 (4)
                                               (based on the closing price on 31 July 2026)
                                       
 NATURE AND EXTENT OF INTEREST IN              Direct, beneficial (1 – 4)
 THE TRANSACTIONS


Clearance for the above was obtained in terms of paragraph 6.83 of the Listings
Requirements.


Cape Town
5 August 2026

Sponsor
Valeo Capital (Pty) Ltd

Date: 05-08-2026 08:30:00
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