AFROCENTRIC INVESTMENT CORP LIMITED - Results of AGM

Results of AGM

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”)



RESULTS OF THE ANNUAL GENERAL MEETING


The board of directors of Afrocentric hereby advises that at the Annual General Meeting of
shareholders held on Wednesday, 21 January 2015, the following resolutions, as set out in the notice
of Annual General Meeting which was incorporated in the Integrated Annual Report distributed to
shareholders on 15 December 2014 were duly approved by the requisite majority of shareholders
present (in person or represented by proxy) and voting:

              Resolution                  Number of      % of       % of         % of       % of
                                            shares      shares     shares        votes     votes
                                           voted in    voted in   abstained     carried   against
                                          person or    person                   for the     the
                                           by proxy      or by                resolution resolution
                                                        proxy

 Ordinary Business

 1.    Re-Election of Non-executive
       Directors
 1.1   To re-elect Dr AT Mokgokong       279 056 570     100       0.01361    99.94843     0.05157
       (Chairperson)
 1.2   To re-elect Mr MJ                 279 056 570     100       0.01361    99.98281     0.01719
       Madungandaba
 1.3   To re-elect Ms Y Masithela        279 056 570     100       0.01361       100          0
 1.4   To re-elect Mr G Napier           279 056 570     100       0.01361       100          0
 2.    Re-appointment of Members
       of the Audit and Risk
       Committee
 2.1   Ms Y Masithela (Chairperson)      279 056 570     100       0.01361       100          0

 2.2   Mr G Napier                       278 292 882     100       0.01361       100          0

 2.3   Mr J Appelgryn                    278 292 882     100       0.01361    99.94843     0.05157
 
3.    Re-Appointment of Joint
       External Auditors and
       designated Auditors

 3.1   Re-appointment of Joint           279 056 570   100   0.01361     100        0
       External Auditors
 4.    Authority of Directors and/or     279 056 570   100   0.01361   99.38178   0.61822
       Company Secretary to sign
       documents
 5.    General authority to issue        279 056 570   100   0.01361   91.88276   8.11724
       ordinary shares, and to sell
       treasury shares for cash
 6.    Endorsement of the                278 293 162   100   0.17678   96.72478   3.27522
       Remuneration Policy (by way
       of a non-binding advisory vote)

 Special Business

 1.    Approval of Non-Executive         279 056 570   100   0.01361     100        0
       Directors’ Remuneration
 2.    General Approval to               278 292 882   100   0.17684   96.57007   3.42993
       Repurchase Shares
 3.    Inter-company Loans and other     278 292 882   100   0.17684     100        0
       Financial Assistance


Johannesburg
21 January 2015


Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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