Acceptance Of Awards By Directors In Terms Of The 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 BY DIRECTORS IN TERMS OF THE FORFEITABLE SHARE PLAN (‘FSP’) In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of awards is disclosed: 1. NAME OF DIRECTOR Andries J van Heerden COMPANY OF WHICH A DIRECTOR Afrimat Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Off-market acceptance of awards in terms of the FSP DATE OF ACCEPTANCE OF AWARDS 23 February 2021 DEEMED VALUE PER SHARE (CENTS) 4 390 NUMBER OF AWARDS ACCEPTED 95 000 TOTAL DEEMED RAND VALUE OF R4 170 500 AWARDS AWARD DATE 17 February 2021 VESTING DATE OF AWARDS 17 February 2024 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 Off-market acceptance of awards in terms of the FSP DATE OF ACCEPTANCE OF AWARDS 23 February 2021 DEEMED VALUE PER SHARE (CENTS) 4 390 NUMBER OF AWARDS ACCEPTED 62 500 TOTAL DEEMED RAND VALUE OF R2 743 750 AWARDS AWARD DATE 17 February 2021 VESTING DATE OF AWARDS 17 February 2024 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 Off-market acceptance of awards in terms of the FSP DATE OF ACCEPTANCE OF AWARDS 23 February 2021 DEEMED VALUE PER SHARE (CENTS) 4 390 NUMBER OF AWARDS ACCEPTED 62 500 TOTAL DEEMED RAND VALUE OF R2 743 750 AWARDS AWARD DATE 17 February 2021 VESTING DATE OF AWARDS 17 February 2024 NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION Clearance for the above transactions was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 23 February 2021 Sponsor PSG Capital Date: 23-02-2021 04:00:00 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.