Interim 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 unaudited interim results for the six months ended 31 December 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 is transforming healthcare by making quality healthcare more accessible and affordable to millions of people. We are doing this by expanding the Group’s presence in the broader healthcare industry to achieve the ultimate goal of universal access to healthcare. Salient Features % Unaudited six Unaudited six change months ended months ended 31 December 31 December 2019 2018 Total revenue 34.8 3 111.3 million 2 307.4 million Operating profit 22.6 439.3 million 358.3 million Operating profit (excluding lease reversals) 35.0 398.0 million 294.7 million Healthcare Services Operating profit 8.8 283.1 million 260.3 million Healthcare Retail Operating profit 233.5 114.9 million 34.5 million Profit before tax 12.2 268.7 million 239.6 million Basic earnings (rands) 11.4 134.8 million 121.0 million Headline earnings (rands) 8.7 134.7 million 123.9 million Normalised headline earnings (rands) 15.8 139.9 million 120.8 million Basic earnings (cents per share) 7.6 23.48 21.83 Headline earnings (cents per share) 5.0 23.47 22.35 Normalised headline earnings (cents per share) 11.8 24.36 21.78 Weighted average number of ordinary shares 574.2 million 554.4 million Dividends The Board has pleasure in announcing that an interim gross dividend per ordinary share of 13 cents, has been declared for the six months ended 31 December 2019. Dividends are subject to Dividends Withholding Tax. The payment date for the dividend is 11 May 2020. • Dividends have been declared out of profits available for distribution. • Local Dividends Withholding Tax rate is 20%. • The gross dividend amount is 13 cents per ordinary share. • The net cash dividend amount is therefore 10.4 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, 5 May 2020 Shares commence trading ex-dividend Wednesday, 6 May 2020 Dividend record date Friday, 8 May 2020 Dividend payment date Monday, 11 May 2020 Share certificates for ordinary shares may not be dematerialised or rematerialized between Wednesday, 6 May 2020 and Friday, 8 May 2020, 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/2020/jse/isse/act/2020ACT.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 March 2020 Sponsor: Sasfin Capital (a member of the Sasfin Group) Date: 13-03-2020 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.