Dealings by 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”) DIRECTORS DEALING ANNOUNCEMENT IN RESPECT OF THE EXERCISE OF CALL OPTIONS AND REDEMPTION AND DELISTING OF THE REDEEMABLE PREFERENCE SHARES IN THE ISSUED CAPITAL OF THE COMPANY AfroCentric Preference Shareholders are referred to a circular that was mailed to them on Monday, 28 October 2013 regarding the exercise of Call Options and redemption and delisting of all of the Preference Shares. In the circular to AfroCentric Preference Shareholders, the Company advised that directors holding 10 121 144 Preference Shares in aggregate and representing 60.83% of the Preference Shares in issue had provided irrevocable undertakings to exercise the Call Options in respect of all the Preference Shares held by them. In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE the following information is disclosed: Name of Director : JM Kahn Company : AfroCentric Date of transaction : 15 November 2013 Nature of transaction : Off market exercise of call options for new ordinary shares in AfroCentric pursuant to the redemption provisions attaching to each of the redeemable preference shares Class of security : Redeemable preference shares / Ordinary Shares Number of securities : 3 784 981 redeemable preference shares Nature of interest : Direct beneficial Clearance obtained : Yes Name of Director : MI Sacks Company : AfroCentric Date of transaction : 15 November 2013 Nature of transaction : Off market exercise of call options for new ordinary shares in AfroCentric pursuant to the redemption provisions attaching to each of the redeemable preference shares Class of security : Redeemable preference shares / Ordinary Shares Number of securities : 3 787 981 redeemable preference shares Nature of interest : Direct beneficial Clearance obtained : Yes The number of ordinary shares issued to the abovementioned directors, as well as the trade price and value of the transaction will be announced on 3 January 2014 once the results of the election are known. Johannesburg 15 November 2013 Sponsor Sasfin Capital, a division of Sasfin Bank Limited Date: 15/11/2013 12:05:00 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.