Dealing 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 AN ASSOCIATE OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby discloses the following trades by an associate of directors of the Company: Name of associate: Royal Queens Holdings Proprietary Limited (“Royal Queens”) Name of directors: Antoine van Buuren and Willem Britz Designations: Executive Directors of AfroCentric Relationship of associate to directors: Antoine van Buuren and Willem Britz are shareholders and directors of Royal Queens Dates of transactions: 16 May 2018 (1) 17 May 2018 (2) 18 May 2018 (3) 21 May 2018 (4) 22 May 2018 (5) 23 May 2018 (6) Nature of transactions: On market purchase of AfroCentric securities Class of securities: Ordinary shares Number of securities: 5 358 (1) 32 500 (2) 17 142 (3) 400 000 (4) 500 000 (5) 8 451 (6) Price per security: R5.75 (1) R5.75 (2) R5.68 (3) R5.70 (4) R5.70 (5) R5.50 (6) Value of transactions: R30 808.50 (1) R186 875.00 (2) R97 352.85 (3) R2 272 000.00 (4) R2 850 000.00 (5) R46 480.50 (6) Nature of interest: Indirect Beneficial Clearance obtained: N/A Johannesburg 24 May 2018 Sponsor Sasfin Capital (a member of the Sasfin group) Date: 24/05/2018 04:23:00 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.