AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealings in securities

Dealings in securities

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” or “the Group”)

Dealing in Securities by Directors, the Company Secretary and Directors of Major
Subsidiaries

In compliance with the terms of paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements, the Company hereby discloses the following director’s dealings in AfroCentric
shares relating to options or shares accepted in terms of the Company’s Share Option
Scheme:

Name of Director:                                 Mr Hannes Boonzaaier
Designation:                                      Financial Director of Afrocentric
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              21 November 2018
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   30 November 2019
Number of securities obtained:                    200 000
Price per security:                               R5.00
Value of transaction:                             R1 000 000.00
Clearance obtained:                               Yes

Name of Director:                                 Mr Billy Mokale
Designation:                                      Group Company Secretary
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              21 November 2018
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   30 November 2019
Number of securities obtained:                    80 000
Price per security:                               R5.00
Value of transaction:                             R400 000.00
Clearance obtained:                               Yes

Name of Director:                                 Ms Nomalungelo Nyathi
Designation:                                      Executive Director: AfroCentric Health (Pty)
                                                  Ltd – a wholly owned subsidiary of
                                                  AfroCentric
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              21 November 2018
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   30 November 2019
Number of securities obtained:   150 000
Price per security:              R5.00
Value of transaction:            R750 000.00
Clearance obtained:              Yes

Name of Director:                Mr Anthony Pedersen
Designation:                     Chief Executive Officer of Medscheme
                                 Holdings (Pty) Ltd - a wholly owned
                                 subsidiary of AfroCentric
Class of securities:             Options in respect of ordinary shares
Nature of interest:              Direct beneficial
Date of transaction:             21 November 2018
Nature of transaction:           Acceptance of options granted in terms of the
                                 Company’s Share Option Scheme (Off -
                                 market trade)
Date of expiry:                  30 November 2019
Number of securities obtained:   300 000
Price per security:              R5.00
Value of transaction:            R1 500 000.00
Clearance obtained:              Yes

Name of Director:                Ms Modjadji Tati
Designation:                     Executive Director: AfroCentric Health (Pty)
                                 Ltd - a wholly owned subsidiary of
                                 AfroCentric
Class of securities:             Options in respect of ordinary shares
Nature of interest:              Direct beneficial
Date of transaction:             21 November 2018
Nature of transaction:           Acceptance of options granted in terms of the
                                 Company’s Share Option Scheme (Off -
                                 market trade)
Date of expiry:                  30 November 2019

Number of securities obtained:   150 000
Price per security:              R5.00
Value of transaction:            R750 000.00
Clearance obtained:              Yes

Name of Director:                Mr Aklaaq Mahmood
Designation:                     Executive Director: AfroCentric Health (Pty)
                                 Ltd - a wholly owned subsidiary of
                                 AfroCentric
Class of securities:             Options in respect of ordinary shares
Nature of interest:              Direct beneficial
Date of transaction:             21 November 2018
Nature of transaction:           Acceptance of options granted in terms of the
                                 Company’s Share Option Scheme (Off -
                                 market trade)
Date of expiry:                  30 November 2019
Number of securities obtained:   150 000
Price per security:              R5.00
Value of transaction:            R750 000.00
Clearance obtained:              Yes

Name of Director:                               Mr Lee Callakoppen
Designation:                                    Executive director of Medscheme Holdings
                                                (Pty) Ltd - a wholly owned subsidiary of
                                                AfroCentric
Class of securities:                            Options in respect of ordinary shares
Nature of interest:                             Direct beneficial
Date of transaction:                            21 November 2018
Nature of transaction:                          Acceptance of options granted in terms of the
                                                Company’s Share Option Scheme (Off -
                                                market trade)
Date of expiry:                                 30 November 2019
Number of securities obtained:                  150 000
Price per security:                             R5.00
Value of transaction:                           R750 000.00
Clearance obtained:                             Yes

Johannesburg
23 November 2018

Sponsor:
Sasfin Capital (a member of the Sasfin group)

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