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Wed 20 Dec 2006, 11:30 AFR - Afgri Limited - Dealing in securities by a d
AFR
 AFR                                                                             
    AFR - Afgri Limited - Dealing in securities by a director                   
    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 shares                          

    Date of transaction           :    18 December 2006                         
    Nature of transaction:             Sale as a consequence of the accrual and 
                                       implementation of the deferred right to  
sell shares (options allocated and       
                                       exercised on 19 September 2002 at R5.07  
                                       and 1 November 2003 at R5.01 - market    
                                       value on those dates) in terms of the    
company share incentive scheme           
    Number of shares              :    1 685 000                                
    Selling price                 :    R7.37 per share                          
    Total value of transaction    :    R12 418 450                              
Date of transaction           :    18 December 2006                         
    Nature of transaction         :    Sale                                     
    Number of shares              :    815 000                                  
    Selling price                 :    R7.40 per share                          
Total value of transaction    :    R6 031 000                               
                                                                                
    Date of transaction           :    19 December 2006                         
    Nature of transaction         :    Sale                                     
Number of shares              :    85 000                                   
    Selling price                 :    R7.40 per share                          
    Total value of transaction    :    R629 000                                 
                                                                                
Nature of interest            :    Direct beneficial                        
    Clearance received            :    Yes                                      
    20 December 2006                                                            
    Johannesburg                                                                

    Sponsor                                                                     
    RAND MERCHANT BANK (A division of FirstRand Bank Limited)                   
Date: 20/12/2006 11:30:39 Produced by the JSE SENS Department.
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