AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing in securities by directors of the company, company secretary and director of a major subsidiary

Dealing in securities by directors of the company, company secretary and director 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
(“the Company" or “AfroCentric”)




Dealing in securities by directors of the Company, the Company Secretary and a
Director of Major Subsidiaries

In compliance with the terms of paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements, the Company hereby discloses the following director’s dealings in AfroCentric
shares relating to the acceptance of awards of shares in terms of the AfroCentric Forfeitable
Share Scheme, adopted by AfroCentric at the annual general meeting held on 10 November
2022 (the “AfroCentric Forfeitable Share Scheme”):

Name of Director:                         Ahmed Banderker
Designation:                              Chief Executive Officer of AfroCentric
Date of transaction:                      8 May 2023
Class of securities:                      Ordinary shares
Number of securities obtained:            300 000
Value of transaction:                     R1 650 000.00
Price per security:                       R5.50
Nature of transaction:                    Off-market acceptance of an award of shares in
                                          terms of the AfroCentric Forfeitable Share Scheme
Nature of interest:                       Direct beneficial
Date of vesting of award:                 8 May 2026
Clearance obtained:                       Yes

Name of Director:                         Hannes Boonzaaier
Designation:                              Chief Financial Officer of AfroCentric
Date of transaction:                      8 May 2023
Class of securities:                      Ordinary shares
Number of securities obtained:            200 000
Value of transaction:                     R1 100 000.00
Price per security:                       R5.50
Nature of transaction:                    Off-market acceptance of an award of shares in
                                          terms of the AfroCentric Forfeitable Share Scheme
Nature of interest:                       Direct beneficial
Date of vesting of award:                 8 May 2026
Clearance obtained:                       Yes

Name of Director:                         Aklaaq Mahmood
Designation:                              Executive Director of Medscheme, a major
                                          subsidiary of the Company
Date of transaction:                      8 May 2023
Class of securities:                      Ordinary shares
Number of securities obtained:            175 000
Value of transaction:                     R962 500
Price per security:                       R5.50
Nature of transaction:                    Off-market acceptance of an award of shares in
                                          terms of the AfroCentric Forfeitable Share Scheme
Nature of interest:                 Direct beneficial
Date of vesting of award:           8 May 2026
Clearance obtained:                 Yes

Name of Director:                   Fezeka Nompumza
Designation:                        Executive Director of Medscheme, a major
                                    subsidiary of the Company
Date of transaction:                8 May 2023
Class of securities:                Ordinary shares
Number of securities obtained:      225 000
Value of transaction:               R1 237 500
Price per security:                 R5.50
Nature of transaction:              Off-market acceptance of an award of shares in
                                    terms of the AfroCentric Forfeitable Share Scheme
Nature of interest:                 Direct beneficial
Date of vesting of award:           8 May 2026
Clearance obtained:                 Yes

Name of Director:                   Billy Mokale
Designation:                        Group Company Secretary
Date of transaction:                8 May 2023
Class of securities:                Ordinary shares
Number of securities obtained:      150 000
Value of transaction:               R825 000
Price per security:                 R5.50
Nature of transaction:              Off-market acceptance of an award of shares in
                                    terms of the AfroCentric Forfeitable Share Scheme
Nature of interest:                 Direct beneficial
Date of vesting of award:           8 May 2026
Clearance obtained:                 Yes


Johannesburg
11 May 2023

JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited

Date: 11-05-2023 03:20:00
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