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AfriAg Plc (AFRI)

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Monday 25 July, 2016

AfriAg Plc

AfriAg – Fresh Herb Programme for Europe

25 July 2016

AfriAg PLC

(“AfriAg” or the “Company”)

AfriAg – Fresh Herb Programme for Europe

AfriAg (ISDX: AFRI), the rapidly expanding London traded global logistics investment Company, which will soon be changing its name to AfriAg Global Plc (“AfriAg Global”), is pleased to announce that it has started a herb growing programme in Zimbabwe that will see fresh Basil, Chives, Sage and Tarragon airfreighted to the supermarkets of the UK and Holland.

This contracted growing programme, has been commissioned by our 100% owned AfriAg Marketing division, run by Toby Williams, who has 20 years experience of the fresh produce and perishable logistics industry. The Marketing division, AfriAg Marketing (Pty) South Africa Limited, is expected to see about 70 tonnes of herbs exported over the coming 52 week period, and is expected to add about US$460,000 to top line revenues of the Company over this period.

David Lenigas, the Company’s Executive Chairman, commented;

“AfriAg has instigated this fresh herb growing and export programme for Europe at the request of customers seeking a new consistent, sustainable and reliable supply alternative for herb production, historically a major supplier of herbs to Europe.”

“This will be AfriAg’s first year of this herb production and export programme and we see this business as one we can grow significantly over the coming years.”

The directors of the Company accept responsibility for the contents of this announcement.

For further information, please contact:

AfriAg Plc:                                                                 
David Lenigas (Executive Chairman)
Anthony Samaha (Finance Director)
Hamish Harris (Non-Executive Director)
Donald Strang (Non-Executive Director)
+44 (0)20 7440 0640
Peterhouse Corporate Finance Limited
Guy Miller
Fungai Ndoro
+44 (0)20 7469 0930

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