AFRIMAT LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/022534/06) Share code: AFT ISIN: ZAE000086302 (“Afrimat” or “the Company”) CHANGE OF SPONSOR In accordance with paragraph 2.7A(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has changed its sponsor and has appointed Valeo Capital (Pty) Limited (“Valeo Capital”) with effect from today, 24 November 2022. Cape Town 24 November 2022 Sponsor Valeo Capital (Pty) Limited