Redemption and delisting of redeemable preference shares 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”) 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 1. INTRODUCTION AfroCentric Preference Shareholders are referred to a circular that was mailed to them on Monday, 28 October 2013 and to the announcement released on SENS on Friday, 1 November 2013 regarding the exercise of Call Options and redemption and delisting of all of the Preference Shares in issue. The election period closed at 12h00 on Friday, 15 November 2013 for certificated Preference Shareholders and at 12h00 on Tuesday, 31 December 2013 for dematerialised Preference Shareholders. 2. RESULTS OF THE ELECTION AfroCentric Preference Shareholders are advised that Preference Shareholders holding 99.68% Preference Shares have exercised their Call Options in respect of the Redeemable Preference Shares held by them. AfroCentric will redeem the Redeemable Preference Shares in respect of which the Call Options have been exercised by issuing 69 981 412 New Ordinary Shares in aggregate to such Preference Shareholders on Friday, 3 January 2014. Preference Shareholders who exercised their Call Options in part or did not elect to exercise their Call Options timeously, are reminded that the rights of the Preference Shareholder concerned automatically lapsed with effect from close of trading on Tuesday, 31 December 2013. Such Preference Shareholders will have their relevant Redeemable Preference Shares redeemed on Monday, 6 January 2014 against payment of the Redemption Price of R0.91 per Preference Share. All of the Redeemable Preference Shares in issue will be delisted from the JSE Limited at the close of trading on Monday, 6 January 2014. Johannesburg 3 January 2014 Sponsor Sasfin Capital, a division of Sasfin Bank Limited Legal advisor HR Levin Attorneys, Notaries and Conveyancers Auditors and Reporting Accountants SizweNtsalubaGobodo Inc. Date: 03/01/2014 11:35:00 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.