ACT/ ACTP - AfroCentric - Trading Statement

ACT/ ACTP - AfroCentric - Trading Statement                                     
AFROCENTRIC INVESTMENT CORPORATION LIMITED                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1988/000570/06)                                            
JSE Code: ACT, ACTP                                                             
ISIN: ZAE000078416, ZAE000082269                                                
("AfroCentric" or "the Company")                                                
TRADING STATEMENT                                                               
In terms of paragraph 3.4 (b) of the JSE Limited ("JSE") Listings               
Requirements, companies are required to publish a trading statement as soon     
as they become reasonably certain that the financial results for the period     
to be reported upon next will differ by at least 20% from that of the           
previous corresponding period.                                                  
AfroCentric shareholders are accordingly advised that:                          
Earnings per share ("EPS") and diluted EPS for the six months ended 31          
December 2010 are expected to be between 240% and 260% higher compared to       
the EPS for the six months ended 31 December 2009.                              
Headline earnings per share ("HEPS") and diluted HEPS for the six months        
ended 31 December 2010 are expected to be between 160% and 180% higher          
compared to the HEPS for the six months ended 31 December 2009.                 
The financial information on which this trading statement is based has not      
been reviewed or reported on by AfroCentric`s auditors. The results for the     
six months ended 31 December 2010 are expected to be published on or about      
18 March 2011.                                                                  
By order of the Board                                                           
Johannesburg                                                                    
10 March 2011                                                                   
Sponsor: Sasfin Capital (A division of Sasfin Bank Limited)                     
Date: 10/03/2011 12:58:01 Supplied by www.sharenet.co.za                     
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