Results of the Annual General Meeting 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 Friday, 5 February 2016 (“AGM”), 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 18 December 2015 were duly approved by the requisite majority of shareholders present (in person or represented by proxy) and voting: Shareholders are advised of the following: - total number of shares in issue as at the date of the AGM: 554 377 328; - total number of shares that were present in person/represented including proxies at the AGM: 398 202 613 shares being 72% of the total number of shares in issue; and - Abstentions are represented below as a percentage of total number of shares in issue. Details of the results of the voting are as follows: Resolution Shares voted for Shares voted Shares abstained against Ordinary resolution number 1: Election of Directors 1.1 Mr Hannes Boozaaier 396 581 579 1 558 620 62 414 99.61% 0.39% 0.01% 1.2 Mr Willem Britz 396 581 579 1 558 620 62 414 99.61% 0.39% 0.01% 1.3 Ms Lindani Dhlamini 398 140 199 - 62 414 100.00% - 0.01% Ordinary resolution number 2: Retirement and re-election of Directors 2.1 Mr Motty Sacks 395 555 314 2 584 885 62 414 99.35% 0.65% 0.01% 2.2 Mr Meyer Kahn 396 555 314 1 584 885 62 414 99.60% 0.40% 0.01% 2.3 Dr Brigalia Bam 382 696 238 6 605 130 8 901 245 98.30% 1.70% 1.61% Ordinary resolution number 3: Appointment of Chairperson and members of the Audit and Risk Committee 3.1 Ms Yasmin Masithela 398 140 199 - 62 414 (Chairperson) 100.00% - 0.01% 3.2 Mr Garth Napier 398 140 199 - 62 414 100.00% - 0.01% 3.3 Ms Lindani Dhlamini 398 140 199 - 62 414 100.00% - 0.01% Ordinary resolution number 4: 398 140 199 - 62 414 Reappointment of independent external 100.00% - 0.01% auditor Ordinary resolution number 5: 368 535 454 29 604 745 62 414 General authority to issue shares for 92.56% 7.44% 0.01% cash Ordinary resolution number 6: 378 262 599 19 877 600 62 414 Approval of the remuneration policy 95.00% 5.00% 0.01% Ordinary resolution number 7: 398 140 199 - 62 414 Authority of Directors and/or Company 100.00% - 0.01% Secretary Special resolution number 1: 398 140 199 - 62 414 Approval of Non-executive Directors’ 100.00% - 0.01% remuneration Special resolution number 2: 380 324 908 17 815 291 62 414 General authority to repurchase shares 95.53% 4.47% 0.01% Special resolution number 3: 398 140 199 - 62 414 Financial assistance to a related or 100.00% - 0.01% interrelated company or companies Special resolution number 4: 398 140 199 - 62 414 Financial assistance for subscription of 100.00% - 0.01% shares to related or interrelated companies Special resolution number 5: 398 140 199 - 62 414 Amendment of the Memorandum of Incorporation 100.00% - 0.01% Johannesburg 5 February 2016 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 05/02/2016 02:55:00 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.