AFROCENTRIC INVESTMENT CORPORATION LIMITED - dealing in securities

dealing in securities

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT     ISIN: ZAE000078416
(“AfroCentric” or “the Company”)

DEALING IN SECURITIES BY A DIRECTOR OF MAJOR SUBSIDIARIES AND AN ASSOCIATE OF
DIRECTORS


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following dealings by a director of major subsidiaries of the Company and by an
associate of directors of the Company:


    Name of director:                                    Tim Rametse
    Designation:                                         Executive Director of Medscheme Holdings
                                                         (Pty) Limited and AfroCentric Health (Pty)
                                                         Limited, both major subsidiaries of the
                                                         Company
    Date of transaction:                                 14 December 2017
    Nature of transaction:                               On market sale of AfroCentric securities
    Class of security:                                   Ordinary shares
    Number of securities:                                250 000
    Price per security:                                  R6.50
    Value of transaction:                                R1 625 000
    Nature of interest:                                  Direct Beneficial
    Clearance obtained:                                  Yes

    Name of associate:                                   Golden Pond Trading 175 (Pty) Limited (“Golden
                                                         Pond”)
    Names and designations of directors:                 Dr Nkateko Munisi, Dr Anna Mokgokong and Mr
                                                         Joe Madungandaba (all Non-Executive Directors of
                                                         AfroCentric)
    Relationship of associate to directors:              Dr Nkateko Munisi is a director of Golden Pond
                                                         whlist Dr Anna Mokgokong and Mr Joe
                                                         Madungandaba are directors and shareholders of
                                                         Golden Pond
    Date of transaction:                                 14 December 2017
    Nature of transaction:                               On market purchase of AfroCentric securities
    Class of security:                                   Ordinary shares
    Number of securities:                                250 000
    Price per security:                                  R6.50
    Value of transaction:                                R1 625 000
    Nature of interest:                                  Indirect Beneficial
    Clearance obtained:                                  N/A




18 December 2017

Sponsor: Sasfin Capital (a member of the Sasfin group)

Date: 18/12/2017 11:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.