Results of AGM 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 ANNUAL GENERAL MEETING Shareholders are advised that at the annual general meeting held on Wednesday, 8 November 2017 (“AGM”), all resolutions as set out in the notice of the AGM which was incorporated in the 2017 Integrated Annual Report and distributed to shareholders on 10 October 2017, were duly approved by the requisite majority of shareholders present and voting, either in person or represented by proxy. Shareholders are advised that: - the total number of shares in issue as at the date of the AGM was 554 377 328; - the total number of shares that were present in person/represented by proxy at the AGM was 426 099 606 shares being 77% 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 Shares voted Shares for against abstained Ordinary Resolutions Ordinary resolution number 1: Election of directors 1.1 Mr SE Mmakau 423 891 363 2 103 550 104 693 99.51% 0.49% 0.02% 1.2 Ms HG Motau 425 994 913 - 104 693 100% 0.02% Ordinary resolution number 2: Retirement and re-election of directors 408 222 787 17 772 126 104 693 2.1 Dr ND Munisi 95.83% 4.17% 0.02% 376 310 986 19 526 789 30 261 831 2.2 Mr MI Sacks 95.07% 4.93% 5.46% 406 468 124 19 526 789 104 693 2.3 Mr JM Kahn 95.42% 4.58% 0.02% Ordinary resolution number 3: Appointment of Chairman and Members to the Audit Committee 425 994 913 104 693 3.1 Ms LL Dhlamini (Chairperson) 100% - 0.02% 423 891 363 2 103 550 104 693 3.2 Mr SE Mmakau 99.51% 0.49% 0.02% 425 994 913 - 104 693 3.3 Ms HG Motau 100% 0.02% Ordinary resolution number 4: 395 795 503 30 157 138 146 965 Re-appointment of independent external auditor 92.92% 7.08% 0.03% Ordinary resolution number 5: 409 953 851 16 041 062 104 693 General authority to issue shares for cash 96.23% 3.77% 0.02% Ordinary resolution number 6: 421 697 701 4 254 940 146 965 Approval of the remuneration policy 99.00% 1.00% 0.03% Ordinary resolution number 7: 421 994 428 3 958 213 146 965 Approval of the remuneration implementation report 99.07% 0.93% 0.03% Ordinary resolution number 8: 423 494 636 2 400 277 204 693 Adoption of the AfroCentric Group Long-Term Incentive 99.44% 0.56% 0.04% Plan Ordinary resolution number 9: 425 894 913 - 204 693 Authorise directors and/or company secretary 100% 0.04% Special Resolutions Shares voted Shares voted Shares for against abstained Special resolution number 1: 421 994 428 4 000 485 104 693 Approval of non-executive directors’ remuneration 99.06% 0.94% 0.02% Special resolution number 2: 425 598 186 296 727 204 693 General authority to repurchase shares 99.93% 0.07% 0.04% Special resolution number 3: 425 952 641 - 146 965 Financial assistance to related or Inter-related company or 100% 0.03% companies Special resolution number 4: 425 952 641 - 146 965 Financial assistance for subscription of securities to related 100% 0.03% or Inter-related companies Johannesburg 8 November 2017 Sponsor Sasfin Capital (a member of the Sasfin group) Date: 08/11/2017 03:42:00 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.