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”) Dealings in securities by a Director and the Company Secretary of AfroCentric relating to vesting of shares under the LTIP In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby discloses the following trades by a Director and the Company Secretary of AfroCentric relating to the acceptance of Share Awards awarded in terms of the rules of the AfroCentric Long Term Incentive Plan (“LTIP”) and are advised of the following information relating to the vesting of Share Awards in respect of the first tranche (being 1/3rd of Share Awards after the expiry of Retention Period i.e. in year 3 (three) after Award Date). The price per share, for purposes of determining the market value, is the 30 day VWAP price per AfroCentric share on 30 October 2020 being 357 cent per share: Name of director: Hannes Boonzaaier Designation: Executive Director of AfroCentric Date of transaction: 6 November 2020 Nature of transaction: Acceptance of Share Awards in terms of the Company’s LTIP Class of security: Ordinary shares Number of securities: 66 667 Price per security: 357 cents per share Value of transaction: R238 001.19 Nature of interest: Direct Beneficial Clearance obtained: Yes Name of director: David Radikgomo Mokale Designation: Company Secretary of AfroCentric Date of transaction: 6 November 2020 Nature of transaction: Acceptance of Share Awards in terms of the Company’s LTIP Class of security: Ordinary shares Number of securities: 26 667 Price per security: 357 cents per share Value of transaction: R95 201.19 Nature of interest: Direct Beneficial Clearance obtained: Yes Johannesburg 9 November 2020 Sponsor Sasfin Capital (a member of the Sasfin group) Date: 09-11-2020 10:27:00 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.