Notice of posting circular in terms of Sec 59 of the Act 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”) POSTING OF CIRCULAR Shareholders are advised that a circular was posted on Monday, 28 October 2013 to AfroCentric Preference Shareholders regarding the exercise of Call Options and redemption and delisting of 16 638 000 Redeemable Preference Shares of R0.91 each in the issued capital of the company A copy of the circular will also be made available on the company’s website www.afrocentric.za.com. SALIENT DATES AND TIMES The salient dates in respect of the Call Option and redemption of the AfroCentric Preference Shares are set out below. Any changes to these dates will be announced on SENS. 2013/2014 Record date for Preference Friday, Shareholders to receive the circular 18 October Post Circular and forms of exercise Monday, and surrender to Preference Shareholders 28 October Announce finalisation information Friday, 1 November Contingent Ordinary Shares and Executive Thursday, Share Awards listed on the JSE 14 November Record date for exercise by Friday, Certificated Preference Shareholders 15 November of Call Option Certificated Preference Shareholders election date at 12h00 to be issued with Friday, New Ordinary Shares 15 November Last day to trade for Dematerialised Friday, Preference Shareholders in order to 20 December exercise Call Options Last day to trade for Redemption of Friday, Preference Shares 20 December Preference shares suspended as from Monday, 23 commencement of trade December Listing of maximum number of new Tuesday, 24 ordinary shares in respect of Preference December Shares call option exercised Record date for exercise by Tuesday, 31 Dematerialised Preference Shareholders December of Call Option and for redemption Dematerialised Preference Shareholders Tuesday, 31 election date at 12h00 to be issued with December New Ordinary Shares Call Options lapse (17h00) Tuesday, 31 December Results of election announced on SENS Friday, 3 January Issue of New Ordinary Shares Friday, 3 January Payment date of Redemption Price Monday, 6 January Redeemable Preference Shares delisted at Monday, 6 January close of trading NOTE: Share certificates may not be dematerialised or rematerialised after 20 December 2013. 29 October 2013 Corporate Advisor and Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 29/10/2013 11:29:00 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.