AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing in securities by a Director

Dealing in securities by a Director

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 a Director of AfroCentric relating to vesting of Share Option Awards under the
Long Term Investment Plan of the Company.


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following information relating to the acceptance of vested share option awards (“Share
Awards”) by a director of the Company, in terms of the rules of the AfroCentric Long Term Incentive Plan
(“LTIP”):


Name of Director:                                   Mr Ahmed Banderker

Designation:                                        Afrocentric Group Chief Executive Officer

Class of securities:                                AfroCentric ordinary shares

Nature of interest:                                 Direct beneficial

Award Date:                                         1 April 2019

Date of transaction:                                12 December 2022

Nature of transaction:                              Acceptance of vested Share Awards in terms of the
                                                    Company’s LTIP

Number of securities:                               333 3321

Price per security (cents):                         Rnil

Value per security:                                 391 cents2

Value of transaction:                               R1 303 328.12

Clearance obtained:                                 Yes


Notes:
1. Vesting of first tranche of Share Awards (being 1/3rd of total Share Awards vested after the expiry of the
   retention period of 3 (three) years after Award Date).
2. The market value of the securities as determined in the resolution passed and approved by
   shareholders at the Annual General Meeting of the Company held on 8 November 2017.
Johannesburg
19 December 2022

JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited

Date: 19-12-2022 05:35:00
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