Posting of circular and notice of general meeting AFROCENTRIC INVESTMENT CORPORATION LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1988/000570/06) JSE Code: ACT ISIN: ZAE000078416 (“AfroCentric”) POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING 1. INTRODUCTION AfroCentric shareholders (“Shareholders”) are referred to the announcement published on the Stock Exchange News Service (“SENS”) on 9 October 2018 wherein they were advised that AfroCentric had, via its subsidiary, ACT Healthcare Assets Proprietary Limited, concluded an agreement in terms of which it will acquire 74% in Activo Health Proprietary Limited, from WAD Holdings Limited and Messrs SE Claassen and JPF Martin, for an aggregate purchase consideration of R588 million, which will be settled by means of a combination of cash and the issue of AfroCentric ordinary shares (“Transaction”). A circular (“Circular”) has been posted to Shareholders today, 9 November 2018, containing, inter alia: • details of the Transaction; and • a notice convening a general meeting of Shareholders (“General Meeting”). The Circular is also available for viewing on the Company’s website at http://www.afrocentric.za.com/inv-circulars.php Shareholders are advised to review the Circular for a summary of the material terms and conditions of the Transaction. 2. NOTICE OF GENERAL MEETING The General Meeting will be held at Medscheme Head Office, 37 Conrad Street, Florida North, Roodepoort on Thursday, 10 January 2019 at 10:00 to consider and, if deemed fit, pass, with or without modification, the resolutions necessary to implement the Transaction. 3. IMPORTANT DATES AND TIMES The salient dates and times relating to the General Meeting are set out in the timetable below (“Timetable”). Words and expressions in the Timetable and notes thereto shall have the same meaning as assigned to them in the Circular. EVENT 2018 Record Date for Shareholders to be recorded in the Register in Friday, 2 November order to receive this Circular on Circular containing the Notice convening the General Meeting Friday, 9 November posted to Shareholders on Last Day to Trade in Shares in order to be recorded in the Register Monday, 31 December to vote at the General Meeting on 2019 Record Date for Shareholders to be recorded in the Register in order to be eligible to vote at the General Meeting on Friday, 4 January Forms of proxy for the General Meeting to be received by the Tuesday, 8 January Transfer Secretaries by 10:00 on General Meeting held at 10:00 on Thursday, 10 January Results of the General Meeting published on SENS on Thursday, 10 January Notes: 1. The above dates and times are subject to amendment. Any amendment to the dates and times will be published on SENS. 2. Shareholders should note that as transactions in Shares are settled in the electronic settlement system used by Strate, settlement of trades take place three Business Days after such trade. Therefore persons who acquire Shares after the Last Day to Trade will not be eligible to vote at the General Meeting. 5. All times given in this Circular are local times in South Africa. Johannesburg 9 November 2018 Sponsor Sasfin Capital (a member of the Sasfin Group) Date: 09/11/2018 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.