Trading statement AFROCENTRIC INVESTMENT CORPORATION LIMITED Incorporated in the Republic of South Africa Registration Number: 1988/000570/06 JSE Code: ACT ISIN: ZAE 000078416 (“AfroCentric”) TRADING STATEMENT In terms of paragraph 3.4(b) (i) of the JSE Limited Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period, will differ by at least 20% from the previous corresponding reporting period. AfroCentric shareholders are accordingly advised that: - basic earnings per share (EPS) for the current reporting period is expected to be between 43.31 cents and 46.71 cents reflecting an increase of between 104.00% and 120.02% when compared to the 21.23 cents reported in the previous corresponding period; and - headline earnings per share (HEPS) for the current reporting period is expected to be between 43.96 cents and 47.54 cents reflecting an increase of between 96.78% and 112.80% when compared to the 22.34 cents reported in the previous corresponding period. Shareholder attention is drawn to the two IFRS provisions in the June 2017 Income Statement, one relating to the Sanlam share subscription profit warranty and the second pertaining to the suspensive Tranche 2 payment for the WAD acquisition. Both of these corporate matters were successfully concluded during the reporting period, making IFRS provisions in each case no longer relevant or applicable. Absent the aforesaid provisions, EPS and HEPS now reveals a realistic measurement of the performance of the AfroCentric Group. The financial results on which this trading statement is based have not been reviewed or reported on by AfroCentric’s external auditors. The financial results are scheduled to be published on or about 17 September 2018. Johannesburg 24 August 2018 Sponsor Sasfin Capital (a member of the Sasfin group) Date: 24/08/2018 08:30:00 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.