AFROCENTRIC INVESTMENT CORP LIMITED - Revised Trading Statement

Revised Trading Statement

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”)

REVISED TRADING STATEMENT

Afrocentric shareholders (“Shareholders”) are referred to the trading statement
announcement (“Trading Statement”) published on SENS on 10 September 2015. Due to a
reclassification in the determination of Headline and Diluted headline earnings for the year
ended 30 June 2015, the expected decline in Headline earnings and Diluted headline
earnings per share, now falls between 16.4% and 20.6% (previously reported as a decline of
between 23% and 27% in the Trading Statement).

Further to the above, the revised trading information is provided below.

Basic earnings in Rands for the year ended 30 June 2015 is likely to be marginally better
than the comparative Rand earnings for the year ended 30 June 2014. Notwithstanding the
aforesaid, this is the first full reporting period for which the fully dilutive impact of the 2014
share issues for the Preference Share Redemptions and Second Tranche Payments, will
be applied.

As a result thereof, after taking into account the approximately 200 million more shares in
issue during the period under review (being a 73% dilution in total issued shares and a 22%
dilution in weighted average shares), the dilutive effect, on both Basic earnings and Diluted
basic earnings per share and Headline earnings and Diluted headline earnings per share,
has resulted in a decline in each case, and is expected to be between 15% and 20% for
Basic earnings and Diluted basic earnings per share and between 16.4% and 20.6%
for Headline earnings and Diluted headline earnings per share for the year ended June
2015.

The following guiding estimates are accordingly provided for the year ended 30 June 2015.


                                                            June 2015                June 2014
                                                 range cents per Share*         cents per Share


    Basic earnings                                        32.00 to 34.00                   40.00

    Diluted basic earnings                                32.00 to 34.00                   40.00

    Headline earnings                                     38.00 to 40.00                   47.83

    Diluted headline earnings per share                   38.00 to 40.00                   47.83

*All based on weighted average number of shares in issue
The financial information on which this Revised Trading Statement is based has not been
reviewed or reported on by AfroCentric's Auditors. The Audited Annual Financial Results for
the twelve months ended 30 June 2015 are expected to be published on or about 22
September 2015.


Johannesburg

17 September 2015



Sponsor:
Sasfin Capital
(a division of Sasfin Bank Limited)

Date: 17/09/2015 10:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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