Attached please find a press release on: Reflecting Afrimat's commitment to transformation, the Company has facilitated the acquisition of 22 700 000 Afrimat ordinary shares ("Shares") by the Afrimat BEE Trust ("the Trust"). Afrimat Empowerment Investments (Pty) Limited ("AEI"), an entity owned entirely by the Trust, has entered into an agreement to acquire 13 200 000 Shares, previously held by BEE shareholders, for a consideration of R35 904 000 (R2.72 per Share), and has subscribed for 9 500 000 new Shares for a consideration of R27 075 000 (R2.85 per Share) (collectively "the Transaction"). Afrimat has facilitated the Transaction through the subscription of 1000 Redeemable Cumulative Participating Preference Shares in AEI ("Pref Shares") for a total subscription price of R63 985 805. The Pref Shares will carry a coupon equivalent to 70% of the prime lending rate.

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