AFROCENTRIC’S DISPOSAL OF SHARES IN JASCO JASCO ELECTRONICS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1987/003293/06) Share Code: JSC ISIN: ZAE000003794 ("Jasco" or “the Group”) AFROCENTRIC’S DISPOSAL OF SHARES IN JASCO 1. Introduction Shareholders are referred to the detailed terms announcement by AfroCentric Investment Corporation Limited (“AfroCentric”) released on SENS today, 1 June 2018 and are advised that on 30 May 2018 (“Signature Date”), AfroCentric concluded the sale of shares agreement with CIH Projects No 8 Proprietary Limited (“CIH Projects”), a wholly owned subsidiary of Community Investment Holdings Proprietary Limited (“CIH”), in terms of which AfroCentric will dispose of its 44 263 793 ordinary shares in the issued share capital of Jasco to CIH Projects (“the Disposal”), for a Purchase consideration of R32 000 000 (“the Agreement”). 2. The Disposal The Disposal will result in AfroCentric’s shareholding in Jasco reducing to 0% and CIH’s direct and indirect shareholding increasing to 31.95%. The Disposal will result in additional cash resources that will be employed by AfroCentric to enhance organic growth in its healthcare business segments. The Disposal is subject to conditions precedent that are normal with a transaction of this nature and the effective date of the Disposal shall be 1 June 2018. The relevant announcements in accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Limited Listings Requirements, will be released on SENS and the required notices from the above named parties in terms of section 122(3)(a) of the Act, will be filed with the Takeover Regulation Panel in due course. Johannesburg 1 June 2018 Sponsor: Grindrod Bank Limited Date: 01/06/2018 02:36:00 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.