AFROCENTRIC INVESTMENT CORP LIMITED - Appointment of an Independent Non-Executive Director

Appointment of an Independent Non-Executive 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”)

Appointment of an Independent Non-Executive Director

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the AfroCentric board of
directors (“the Board”) hereby notifies shareholders that Ms Hlokammoni Grathel Motau (“Grathel”)
has been appointed as an Independent Non-Executive Director of the Company and a member of the
Audit and Risk Committee with effect from 15 May 2017.

A Chartered Accountant, she also holds an MPhil in Development Finance degree from the University
of Stellenbosch.

Grathel has almost 20 years of business and financial experience gained at various organisations in
both the public and private sectors where she has worked for organisations that include Blue IQ
Investments, the National Treasury and The Industrial Development Corporation of South Africa.


She is an Executive Director and Development Economist at Mmoni Advisory Services, where she
advises organisations on the development and implementation of sustainable policies and strategies.


The Board welcomes Grathel and wishes her well on her new appointment.
Johannesburg
16 May 2017


Sponsor: Sasfin Capital (A division of Sasfin Bank Limited)

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