Sanlam/Afrocentric-Completion of the subscription for shares by Sanlam in a wholly owned subsidiary of Afrocentric Sanlam Limited Afrocentric Investment Corporation Limited (Incorporated in the Republic of South (Incorporated in the Republic of South Africa) Africa) (Registration number: 1959/001562/06) (Registration number: 1988/000570/06) JSE share code: SLM JSE Code: ACT NSX share code: SLA ISIN: ZAE000078416 ISIN: ZAE000070660 (“AfroCentric” or “ACT”) (“Sanlam”) JOINT ANNOUNCEMENT REGARDING THE COMPLETION OF THE SUBSCRIPTION FOR SHARES BY SANLAM IN A WHOLLY OWNED SUBSIDIARY OF AFROCENTRIC The respective boards of ACT and Sanlam are pleased to confirm that all the suspensive conditions relating to the Sanlam subscription, for the sum of R703 million, for a 28.7% interest in Afrocentric Healthcare Assets Proprietary Limited (“AHA”) a wholly owned subsidiary of Afrocentric (“the Transaction”), have been fulfilled or waived and the Transaction is now unconditional. The effective date of the Transaction is today, 15 December 2015. For ease of reference shareholders are referred to the detailed joint announcement published on the Stock Exchange News Service (“SENS”) on 30 September 2014 wherein they were advised of the full terms of the Transaction, and the subsequent announcements relating thereto. Johannesburg 15 December 2015 Sponsor to ACT Sasfin Capital (a division of Sasfin Bank Limited) Sponsor to Sanlam Deutsche Securities (SA) Proprietary Limited Date: 15/12/2015 12:30:00 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.