Afro Centric declaration of ordinary and preference share dividends AfroCentric Investment Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1988/000570/06) JSE Code: ACT, ACTP ISIN: ZAE 000078416, ZAE 000082269 DECLARATION OF DIVIDEND The Audited Annual Results for the year ended 30 June 2012 were released on the Stock Exchange News Service ("SENS") on 27 September 2012 and published in the press on 28 September 2012. Information on the Dividend Declaration was deferred at the time pending confirmation of the extent of Secondary Tax on Companies (STC) credits being available. The Board of Directors now have pleasure in announcing that a dividend of 10.5 cents per ordinary share (gross) and 29.8 cents per preference share (gross) has been declared for the year ended 30 June 2012. Dividends are subject to Dividends Withholding Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the JSE Listings Requirements, the following additional information is disclosed. * the dividends have been declared out of profits available for distribution. * the local Dividends Withholding Tax rate is 15 %. * the gross dividend amount is 10.5 cents per ordinary share and 29.8 cents per preference share. * the STC credits available for utilisation is 12.52 cents per ordinary share and 35.53 cents per preference share. * STC credits to be utilised during this current dividend cycle is 10.5 cents per ordinary share and 29.8 cents per preference share. * the net cash dividend amount is therefore 10.5 cents per ordinary share and 29.8 cents per preference share. * the company has 268,231,817 ordinary shares in issue at 30 June 2012. * the company has 16,638,000 preference shares in issue at 30 June 2012. * the company's income tax reference number is 9600/148/71/3. The salient dates relating to both the ordinary and preference dividends are as follows; * Last day to trade cum dividend Friday, 7 December 2012 * Shares commence trading ex dividend Monday, 10 December 2012 * Dividend record date Friday, 14 December 2012 * Dividend payment date Tuesday, 18 December 2012 Share certificates for both ordinary and preference shares may not be dematerialised or rematerialised between Monday 10 December 2012 and Friday 14 December 2012, both days inclusive. Johannesburg 12 October 2012 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 12/10/2012 11:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.