Changes To The Board – Appointments Of Directors And Change Of Role Of A Director 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”) CHANGES TO THE BOARD – APPOINTMENTS OF DIRECTORS AND CHANGE OF ROLE OF A DIRECTOR In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the AfroCentric board of directors (“the Board”) hereby notifies shareholders of the following changes to the Board with effect from 30 November 2016: - Ms NV Qangule is appointed as an independent non-executive director and as a Member of the Audit and Risk Committee. Ms Qangule is a qualified Chartered Accountant, CA (SA) and also holds a Membership to the Banking and related Financial Service sector’s specialist Professional Body, CAIB (SA) Institute of Bankers. Her current directorships include, inter alia, Astute Intellect Proprietary Limited, Hans Merensky Holdings, Rebosis Property Fund Limited and Nozala Investments Proprietary Limited. Ms Qangule’s previous directorships include being Chairman of the board of directors of Rand Mutual Assurance Company Limited and Chief Financial Officer of Harmony Gold Mining Company Limited. She also served as a member of the AfroCentric Health Board and the Chairman of the AfroCentric Health Audit Committee as well as a member of the Risk Committee. - Mr SE Mmakau is appointed as an independent non-executive director and as a member of the Audit and Risk Committee. Mr Mmakau holds a Master’s degree in Business Leadership (MBL), a Bachelor of Commerce (BCom) degree, both from the University of South Africa (UNISA) and a Bachelor of Arts (BA) degree from the University of Pretoria. Mr Mmakau offers more than 15 years’ experience in delivering quality services of Information Communication Technology. He currently holds the position of Chief Information Officer at the Airports Company South Africa Limited. - Mr JM Kahn, an existing independent non-executive director and senior member on the Board, will take up the role of the Lead independent non-executive director. The Board welcomes Ms Qangule and Mr Mmakau, and looks forward to their contributions as directors of the Company. Johannesburg 29 November 2016 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 29/11/2016 09:00:00 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.