Dealing in securities by a Director AfroCentric Investment Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1988/000570/06) JSE Code: ACT ISIN: ZAE000078416 (“the Company" or “AfroCentric”) Dealing in securities by a Director of AfroCentric relating to vesting of Share Option Awards under the Long Term Investment Plan of the Company. In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby discloses the following information relating to the acceptance of vested share option awards (“Share Awards”) by a director of the Company, in terms of the rules of the AfroCentric Long Term Incentive Plan (“LTIP”): Name of Director: Mr Ahmed Banderker Designation: Afrocentric Group Chief Executive Officer Class of securities: AfroCentric ordinary shares Nature of interest: Direct beneficial Award Date: 1 April 2019 Date of transaction: 12 December 2022 Nature of transaction: Acceptance of vested Share Awards in terms of the Company’s LTIP Number of securities: 333 3321 Price per security (cents): Rnil Value per security: 391 cents2 Value of transaction: R1 303 328.12 Clearance obtained: Yes Notes: 1. Vesting of first tranche of Share Awards (being 1/3rd of total Share Awards vested after the expiry of the retention period of 3 (three) years after Award Date). 2. The market value of the securities as determined in the resolution passed and approved by shareholders at the Annual General Meeting of the Company held on 8 November 2017. Johannesburg 19 December 2022 JSE Sponsor to AfroCentric Questco Corporate Advisory Proprietary Limited Date: 19-12-2022 05:35:00 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.