Trading statement AFROCENTRIC INVESTMENT CORPORATION LIMITED Incorporated in the Republic of South Africa Registration Number: 1988/000570/06 JSE Code: ACT ISIN: ZAE 000078416 (“AfroCentric”) TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period to be reported on, will differ by at least 20% from the previous corresponding reporting period. Accordingly, AfroCentric shareholders are advised that ; - diluted earnings per share for the six month period ended 31 December 2017 (“current reporting period”) is expected to be between 21.18 cents and 22.05 cents, reflecting an increase of between 21.68% and 26.68% in comparison to the 17.41 cents per share reported in the previous corresponding period - diluted headline earnings per share for the current reporting period is expected to be between 21.24 cents and 22.10 cents reflecting an increase of between 22.11% and 27.11% in comparison to the 17.39 cents per share reported in the previous corresponding period. - basic earnings per share for the current reporting period is expected to be between 21.17 cents and 22.08 cents reflecting an increase of between 16.10% to and 21.10% in comparison to the 18.23 cents per share reported in the previous corresponding period; and - headline earnings per share for the current reporting period is expected to be between 21.21 cents and 22.13 cents reflecting an increase of between 16.50% to 21.50% in comparison to the 18.21 cents per share reported in the previous corresponding period. The financial results on which this trading statement is based have not been reviewed or reported on by AfroCentric’s external auditors. The interim financial results are scheduled to be published on or about 20 March 2018. Johannesburg 23 February 2018 Sponsor Sasfin Capital (a member of the Sasfin group) Date: 23/02/2018 10:11:00 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.