Results of AGM AFROCENTRIC INVESTMENT CORPORATION LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1988/000570/06) JSE Code: ACT ISIN: ZAE000078416 (“AfroCentric” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING The board of directors of Afrocentric hereby advises that at the Annual General Meeting of shareholders held on Wednesday, 21 January 2015, the following resolutions, as set out in the notice of Annual General Meeting which was incorporated in the Integrated Annual Report distributed to shareholders on 15 December 2014 were duly approved by the requisite majority of shareholders present (in person or represented by proxy) and voting: Resolution Number of % of % of % of % of shares shares shares votes votes voted in voted in abstained carried against person or person for the the by proxy or by resolution resolution proxy Ordinary Business 1. Re-Election of Non-executive Directors 1.1 To re-elect Dr AT Mokgokong 279 056 570 100 0.01361 99.94843 0.05157 (Chairperson) 1.2 To re-elect Mr MJ 279 056 570 100 0.01361 99.98281 0.01719 Madungandaba 1.3 To re-elect Ms Y Masithela 279 056 570 100 0.01361 100 0 1.4 To re-elect Mr G Napier 279 056 570 100 0.01361 100 0 2. Re-appointment of Members of the Audit and Risk Committee 2.1 Ms Y Masithela (Chairperson) 279 056 570 100 0.01361 100 0 2.2 Mr G Napier 278 292 882 100 0.01361 100 0 2.3 Mr J Appelgryn 278 292 882 100 0.01361 99.94843 0.05157 3. Re-Appointment of Joint External Auditors and designated Auditors 3.1 Re-appointment of Joint 279 056 570 100 0.01361 100 0 External Auditors 4. Authority of Directors and/or 279 056 570 100 0.01361 99.38178 0.61822 Company Secretary to sign documents 5. General authority to issue 279 056 570 100 0.01361 91.88276 8.11724 ordinary shares, and to sell treasury shares for cash 6. Endorsement of the 278 293 162 100 0.17678 96.72478 3.27522 Remuneration Policy (by way of a non-binding advisory vote) Special Business 1. Approval of Non-Executive 279 056 570 100 0.01361 100 0 Directors’ Remuneration 2. General Approval to 278 292 882 100 0.17684 96.57007 3.42993 Repurchase Shares 3. Inter-company Loans and other 278 292 882 100 0.17684 100 0 Financial Assistance Johannesburg 21 January 2015 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 21/01/2015 02:10:00 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.