audited results and dividend declaration AfroCentric Investment Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1988/000570/06) JSE Code: ACT ISIN: ZAE000078416 (“the Company") Summarised annual results for the year ended 30 June 2019 and dividend declaration Introduction to the AfroCentric Group AfroCentric is a majority black-owned JSE listed investment holding company which operates in and provides specialised services to the public and private healthcare sectors. AfroCentric has and continues to maintain its deliberate objective of being the leading exemplar of transformation and empowerment in the South African healthcare sector. Salient Features % Year ended Year ended change 30 June 2019 30 June 2018 Total revenue 25.7 5 296.8 million 4 212.7 million Operating profit 23.8 771.5 million 623.1 million Operating profit (excluding lease reversals) 8.8 677.7 million 623.1 million Healthcare Services Operating profit (1.2) 548.4 million 555.3 million Healthcare Retail Operating profit 90.6 129.2 million 67.8 million Profit before tax (1.8) 528.5 million 538.4 million Basic earnings (rands) 5.2 269.9 million 256.6 million Headline earnings (rands) 1.6 265.2 million 260.9 million Normalised headline earnings (rands) 4.3 275.5 million 264.1 million Basic earnings (cents per share) 4.0 48.12 46.29 Headline earnings (cents per share) 0.5 47.29 47.06 Normalised headline earnings (cents per share) 3.1 49.13 47.63 Weighted average number of ordinary shares 560.8 million 554.4 million Dividends The Board has pleasure in announcing that in addition to the interim gross dividend per ordinary share of 17 cents, a final gross dividend of 17 cents per ordinary share has been declared for the year ended 30 June 2019. Dividends are subject to Dividends Withholding Tax. The payment date for the dividend is 4 November 2019. • Dividends have been declared out of profits available for distribution. • Local Dividends Withholding Tax rate is 20%. • The gross dividend amount is 17 cents per ordinary share. • The net cash dividend amount is therefore 13.6 cents per ordinary share. • The Company has 574 241 248 ordinary shares in issue as at the declaration date. • The Company’s income tax reference number is 9600/148/71/3. The salient dates relating to the dividend are as follows: Last day to trade cum dividend Tuesday, 29 October 2019 Shares commence trading ex-dividend Wednesday, 30 October 2019 Dividend record date Friday, 1 November 2019 Dividend payment date Monday, 4 November 2019 Share certificates for ordinary shares may not be dematerialised or rematerialized between Wednesday, 30 October 2019 and Friday, 1 November 2019, both days inclusive. Full Announcement This short-form announcement is the responsibility of the Directors of the Company and is a summary of the information in the full announcement which is available for viewing on the following websites: Company’s website: http://www.afrocentric.za.com/inv-reporting.php. JSE website: https://senspdf.jse.co.za/documents/2019/jse/isse/act/ACT130919.pdf Any investment decision by investors and/or shareholders should be based on consideration of the full announcement, copies of which are also available for inspection at our offices and our sponsor’s offices on work-days during business hours, at no charge: On behalf of the Board Dr ATM Mokgokong Mr A Banderker Chairperson Group Chief Executive Officer Johannesburg 13 September 2019 Date: 13/09/2019 09:00:00 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.