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Tue 5 Dec 2006, 17:23 Afgri - Dealing in securities by directors and a d
AFR
 AFR                                                                             
Afgri - Dealing in securities by directors and a director of a major subsidiary 
Afgri Limited                                                                   
Registration number: 1995/004030/06                                             
Share Code: AFR                                                                 
ISIN: ZAE000040549                                                              
("the company" or "AFGRI")                                                      
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Managing Director             :    JD Wright                                    
Company                       :    AFGRI                                        
Class of security             :    Ordinary share options                       
Nature of transaction         :    Grant and acceptance of options with a       
                                   deferred right to sell                       
Date of transaction           :    1 December 2006                              
Number of options             :    497 000                                      
Option strike price           :    R6.66                                        
Period of deferred right                                                        
to sell                       :    1/5th of total number of options per annum   
                                   over the next 5 years                        
Total value of transaction    :    R3 310 020.00                                
Nature of interest            :    Direct beneficial                            
Clearance received            :    Yes                                          
Deputy Managing Director      :    DM Sewela                                    
Company                       :    AFGRI                                        
Class of security             :    Ordinary share options                       
Nature of transaction         :    Grant and acceptance of options with a       
                                   deferred right to sell                       
Date of transaction           :    1 December 2006                              
Number of options             :    375 500                                      
Option strike price           :    R6.66                                        
Period of deferred right                                                        
to sell                       :    1/5th of total number of options per annum   
                                   over the next 5 years                        
Total value of transaction    :    R2 500 830.00                                
Nature of interest            :    Direct beneficial                            
Clearance received            :    Yes                                          
Alternate Director            :    JH Mooney                                    
Company                       :    AFGRI                                        
Class of security             :    Ordinary share options                       
Nature of transaction         :    Grant and acceptance of options with a       
                                   deferred right to sell                       
Date of transaction           :    1 December 2006                              
Number of options             :    232 500                                      
Option strike price           :    R6.66                                        
Period of deferred right                                                        
to sell                       :    1/5th of total number of options per annum   
                                   over the next  5 years                       
Total value of transaction    :    R1 548 450.00                                
Nature of interest            :    Direct beneficial                            
Clearance received            :    Yes                                          
Executive Director            :    LJ Smit                                      
Company                       :    AFGRI Operations Limited                     
Class of security             :    Ordinary share options                       
Nature of transaction         :    Grant and acceptance of options with a       
                                   deferred right to sell                       
Date of transaction           :    1 December 2006                              
Number of options             :    328 500                                      
Option strike price           :    R6.66                                        
Period of deferred right                                                        
to sell                       :    1/5th of total number of options per annum   
                                   over the next  5 years                       
Total value of transaction    :    R2 187 810.00                                
Nature of interest            :    Direct beneficial                            
Clearance received            :    Yes                                          
5 December 2006                                                                 
Johannesburg                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 05/12/2006 05:23:07 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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