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 23 May 2022 STRIKE PRICE (30-DAY VWAP) R64.41 NUMBER OF OPTIONS/RIGHTS 188 496 EXERCISED AND SHARES RECEIVED TOTAL RAND VALUE R12 141 027.36 STRIKE DATE 21 May 2022 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 23 May 2022 STRIKE PRICE (30-DAY VWAP) R64.41 NUMBER OF OPTIONS/RIGHTS 81 239 EXERCISED AND SHARES RECEIVED TOTAL RAND VALUE R5 232 603.99 STRIKE DATE 21 May 2022 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 23 May 2022 STRIKE PRICE (30-DAY VWAP) R64.41 NUMBER OF OPTIONS/RIGHTS 42 478 EXERCISED AND SHARES RECEIVED TOTAL RAND VALUE R2 736 007.98 STRIKE DATE 21 May 2022 PERIOD OF EXERCISE 4 years from the strike date NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 4. NAME OF DIRECTOR Marthinus G Odendaal 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 23 May 2022 STRIKE PRICE (30-DAY VWAP) R64.41 NUMBER OF OPTIONS/RIGHTS 47 788 EXERCISED AND SHARES RECEIVED TOTAL RAND VALUE R3 078 025.08 STRIKE DATE 21 May 2022 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 23 May 2022 PRICE PER SECURITY (30-DAY VWAP) R64.41 NUMBER OF SECURITIES TRANSACTED 84 823 TOTAL RAND VALUE OF SECURITIES R5 463 449.43 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 23 May 2022 PRICE PER SECURITY (30-DAY VWAP) R64.41 NUMBER OF SECURITIES TRANSACTED 36 558 TOTAL RAND VALUE OF SECURITIES R2 354 700.78 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 23 May 2022 PRICE PER SECURITY (30-DAY VWAP) R64.41 NUMBER OF SECURITIES TRANSACTED 19 115 TOTAL RAND VALUE OF SECURITIES R1 231 197.15 TRANSACTED NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 4. NAME OF DIRECTOR Marthinus G Odendaal 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 23 May 2022 PRICE PER SECURITY (30-DAY VWAP) R64.41 NUMBER OF SECURITIES TRANSACTED 21 504 TOTAL RAND VALUE OF SECURITIES R1 385 072.64 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 24 May 2022 Sponsor PSG Capital