ACT/ACTP - Afrocentric Investment Corporation Limited - Changes to the board of

ACT/ACTP - Afrocentric Investment Corporation Limited - Changes to the board of 
directors                                                                       
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")                                                
Changes to the board of directors                                               
In compliance with the requirements and recommendations of the JSE, Companies   
Act and King III respectively, additional directors appointments have become    
necessary. The AfroCentric Board identified a number of excellent candidates for
selection and, after a rigorous process, have appointed two exceptional         
individuals to join the Board.                                                  
Having regard thereto, and in terms of paragraph 3.59 of the JSE Limited`s      
Listings Requirements, the board of Afrocentric is pleased to advise that Mrs   
Yasmin Masithela and Mr Garth Napier have been appointed as independent non-    
executive directors of the company with effect from 1 September 2011.           
Mrs Masithela graduated with a BA (LLB) from the University of Cape Town (1995) 
and has, in addition, obtained a Masters in Tax Law and diplomas in Company Law 
and Finance and Accounting. Mrs Masithela has been engaged in senior legal      
positions at various local and international institutions over the past 13      
years.                                                                          
Mr Napier has a BComm honours from the University of Natal (2000). In addition, 
he has an MBA from Harvard Business School (2005) and has filled senior         
positions at local and international companies in the fields of marketing and   
strategy over the last 10 years.                                                
The board welcomes Mrs Masithela and Mr Napier to the company.                  
Johannesburg                                                                    
5 August 2011                                                                   
Sponsor                                                                         
SASFIN CAPITAL                                                                  
(a division of Sasfin Bank Limited)                                             
Date: 05/08/2011 07:55:08 Supplied by www.sharenet.co.za                     
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