Changes to the board 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” or “the Group”) CHANGE OF ROLE OF A DIRECTOR AND NEW NON-EXECUTIVE DIRECTOR APPOINTMENT In compliance with section 3.59 of the JSE Limited Listings Requirements, the AfroCentric board of directors (“the Board”) wishes to announce the following changes. CHANGE OF ROLE OF DIRECTOR Given the Company’s recent corporate actions and other changes to the Group’s corporate and operational structures, the Board have resolved to appoint a new Chief Executive Officer (“CEO”). Accordingly a change of role will occur in that Mr Dewald Dempers will step down as CEO with immediate effect. Mr. Dempers will however continue to act as an Executive Director on the Board responsible for new growth opportunities, including inter alia, the promotion of business expected to arise through the Company’s recent developments and corporate actions. The role of CEO will temporarily be filled by Non Executive Chairman, Dr. Anna Mokgokong while the company finalises the appointment of the new CEO. Shareholders are also advised that post a recent review of their classification on the Board, both Mr J.M.Kahn and Mr M.I. Sacks, previously Non-Executive Directors, are now classified as Independent Non-Executive Directors. Mr G.L. Napier will continue to serve as the Lead Independent Director. APPOINTMENT OF NON-EXECUTIVE DIRECTOR The Board is also pleased to announce the appointment of Dr Nkateko David Munisi as a Non-Executive Director of the Board with effect from 7 December 2015. Nkateko is a qualified and practicing medical doctor with extensive experience in the industry having served on numerous committees, boards and panels throughout his career. He is amongst other things currently the chairman of the medical panel at the Eskom Pension and Provident Fund and the Public Investment Corporation’s representative in the healthcare infrastructure fund, RH Managers where he currently serves as chairman of the advisory committee. Nkateko is a director and the current chairman of Golden Pond Trading 175 (Pty) Limited, a joint venture company between SGH and Community Healthcare Holdings (Pty) Limited who are material shareholders in AfroCentric. The Board welcomes Nkateko and wishes him well on his new appointment. Johannesburg 8 December 2015 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 08/12/2015 05:30:00 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.