Dealings in securities 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”) DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby discloses the following dealings in securities by a director of a major subsidiary: Name of director: Mr. T Rametse Designation: Executive Director of Medscheme Holdings (Pty) Ltd, a major subsidiary of the Company. Nature of transactions: Sale of AfroCentric securities (On-market trade) Nature of interest: Direct beneficial Class of securities: Ordinary shares Date of transaction: 13 October 2015 Number of securities: 11 982 (1) 109 (2) Price per security (cents): 490 (1) 491 (2) Value of transaction: R59 246.99 Date of transaction: 14 October 2015 Number of securities: 10 940 Price per security (cents) 490 Value of transaction: R53 606.00 Date of transaction: 16 October 2015 Number of securities: 117 000 Price per security (cents): 475 Value of transaction: R555 750.00 Clearance obtained: No Johannesburg 22 January 2016 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 22/01/2016 03:21:00 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.