AFROCENTRIC INVESTMENT CORPORATION LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1988/000570/06)
(JSE Share Code: ACT)
(ISIN: ZAE000078416)
(“Afrocentric”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Afrocentric shareholders are referred to the joint announcement released on SENS on 11 October 2022 by
Afrocentric and Sanlam Limited (“Sanlam”) regarding the partial offer by Sanlam to acquire control of
Afrocentric, including an Asset for Share Transaction (“the Transaction”) and cautionary announcement.


The circular is currently being finalised with an intended posting date of 8 December 2022. Afrocentric
shareholders are accordingly advised to continue to exercise caution when dealing in their Afrocentric
shares until the pro forma financial effects of the Transaction are released in the Circular.


The Afrocentric board, individually and collectively, accepts responsibility for the information contained in
this announcement insofar as it relates to Afrocentric. In addition, the Afrocentric board confirms that, to the
best of its knowledge and belief, the information contained in this announcement, as it relates to Afrocentric,
is true and correct and, where appropriate, does not omit anything that is likely to affect the importance of
the information contained herein pertaining to Afrocentric and that all reasonable enquiries to ascertain
such information have been made.


Johannesburg
22 November 2022


Transaction Advisor to Afrocentric
Investec Bank Limited


Transaction Sponsor to Afrocentric
Investec Bank Limited


Legal advisor to Afrocentric
Norton Rose Fulbright South Africa


Independent Expert to Afrocentric
BDO Corporate Finance Proprietary Limited

Date: 22-11-2022 01:30:00
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