AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing in securities by directors of a major subsidiary

Dealing in securities by directors of a major subsidiary

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


DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with paragraphs 3.63 of the JSE Limited Listings Requirements, the Company hereby
discloses the following dealings in securities by directors of a major subsidiary of AfroCentric:


 Name of Director                            Aklaaq Mahmood

 Designation:                                Executive Director of Medscheme, a major subsidiary of
                                             AfroCentric

 Date of transaction:                        1 December 2025

 Nature of transaction:                      Vesting of awards made under the 2017 Long Term
                                             Incentive Plan in November 2020 and 2021, as well as the
                                             2022 Forfeitable Share Scheme in November 2022, which
                                             awards were due to vest in November 2025

 Class of securities:                        Ordinary shares

 Number of securities:                       391 667

 Notional value of transaction (based on     R528 750.45
 an implied price of R1.35 per share,
 being the closing price on 28 November
 2025)

 Nature of interest:                         Direct Beneficial

 Clearance obtained:                         Yes


 Name of Director                            Fezeka Nompumza

 Designation:                                Executive Director of Medscheme, a major subsidiary of
                                             AfroCentric

 Date of transaction:                        1 December 2025

 Nature of transaction:                      Vesting of awards made under the 2017 Long Term
                                             Incentive Plan in November 2021, and the 2022 Forfeitable
                                             Share Scheme in November 2022, which awards were due
                                             to vest in November 2025

 Class of securities:                        Ordinary shares

 Number of securities:                       308 333

 Notional value of transaction (based on     R416 249.55
 an implied price of R1.35 per share,
 being the closing price on 28 November
 2025)
 Nature of interest:                         Direct Beneficial

 Clearance obtained:                         Yes


Johannesburg

11 December 2025

JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited

Date: 11-12-2025 07:05:00
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