Results of the General Meeting of Afrocentric Shareholders AfroCentric Investment Corporation Limited (Incorporated in South Africa) (Registration number 1988/000570/06) JSE share code: ACT ISIN: ZAE000078416 (“AfroCentric”) RESULTS OF THE GENERAL MEETING OF AFROCENTRIC SHAREHOLDERS Unless otherwise defined in this announcement, words and expressions contained herein shall have the same meanings as assigned to them in the combined circular distributed to AfroCentric Shareholders on Thursday, 8 December 2022 (“Combined Circular”) and available on AfroCentric’s website (http://www.afrocentric.za.com/inv- circulars.php) and on Sanlam’s website (www.sanlam.com/presentations). 1. INTRODUCTION Shareholders of AfroCentric are advised that all of the resolutions necessary to approve the Partial Offer and the Asset for Share Transaction tabled at the General Meeting of AfroCentric Shareholders held today, Thursday 12 January 2023, were approved by the requisite majority of votes of AfroCentric Shareholders present and entitled to vote thereon. 2. RESULTS OF VOTING AT THE GENERAL MEETING The total number of AfroCentric Shares present in person or by proxy at the General Meeting was 453 294 164, representing 78% of the AfroCentric Shares in issue as at Friday,6 January 2023, being the Voting Record Date. The voting results are as follows: TOTAL AFROCENTRIC SHARES VOTED ABSTENTIONS RESOLUTION NUMBER FOR* AGAINST* % ** %*** Ordinary Resolution Number 1 Approval of the 452 137 239 Partial Offer being 78.59% of the 100% 0.00% 78.11% 0.20% AfroCentric Shares entitled to vote Ordinary Resolution Number 2 Authority to 452 137 239 give effect to being 78.59% of the 100% 0.00% 78.11% 0.20% resolutions AfroCentric Shares entitled to vote Special Resolution Number 1 Approval of the Asset for Share Transaction and authority to 452 024 851 issue the A4S being 78.58% of the Consideration AfroCentric Shares 99.99% 0.01% 78.09% 0.20% Shares in entitled to vote terms of section 41(3) of the Companies Act *Expressed as a percentage of the total number of AfroCentric Shares voted at the General Meeting. **Shares voted, expressed as a percentage of the total number of AfroCentric Shares in issue. ***Shares abstained, expressed as a percentage of the total number of AfroCentric Shares in issue. 3. UPDATE REGARDING THE PARTIAL OFFER Notwithstanding the approval of the Partial Offer by AfroCentric Shareholders at the General Meeting, AfroCentric Shareholders should note that the Partial Offer remains subject to the fulfilment or waiver, as applicable, of the remaining Partial Offer Conditions, as set out in the Combined Circular. Shareholders will be provided with a further update regarding the fulfilment or waiver, as the case may be, of the Partial Offer Conditions in due course. 4. RESPONSIBILITY STATEMENT The AfroCentric Board, individually and collectively, accepts responsibility for the information contained in this announcement insofar as it relates to AfroCentric. In addition, the AfroCentric Board confirms that, to the best of its knowledge and belief, the information contained in this announcement, as it relates to AfroCentric, is true and correct and, where appropriate, does not omit anything that is likely to affect the importance of the information contained herein pertaining to AfroCentric and that all reasonable enquiries to ascertain such information have been made. By order of the AfroCentric Board Johannesburg 12 January 2023 Financial Advisor and Transaction Sponsor to AfroCentric Investec Bank Limited Legal Advisor to AfroCentric Norton Rose Fulbright South Africa Independent Expert to AfroCentric Independent Board BDO Corporate Finance Proprietary Limited Date: 12-01-2023 04:00:00 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.