AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing in securities

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 A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following trade by a director of the Company and an associate of a director of the
Company:


(1)

 Name of Director:                           Mr Ahmed Banderker

 Designation:                                Afrocentric Group Chief Executive Officer

 Class of securities:                        Ordinary shares

 Nature of interest:                         Direct beneficial

 Date of transactions:                       16 March 2020 (1) and (2)
                                             17 March 2020 (3)

 Nature of transactions:                     On market purchases of AfroCentric securities

 Number of securities:                       23 552         (1)
                                             33 400         (2)
                                             44 544         (3)

 Price per security:                         R2.50          (1)
                                             R2.79          (2)
                                             R2.81          (2)

 Value of transactions:                      R 58,880.00 (1)
                                             R 93 186.00 (2)
                                             R126 406.74 (3)

 Clearance obtained:                         Yes

(2)

 Name of associate:                          WAD Holdings Proprietary Limited (“WAD”)

 Name of director:                           Willem Britz

 Designation:                                Executive Director of AfroCentric

 Relationship of associate to director:      Willem Britz is a shareholder and director of WAD

 Date of transactions:                       16 March 2020          (1)
                                             18 March 2020          (2)
Nature of transactions:                   On market purchase of AfroCentric securities

Class of security:                        Ordinary shares

Number of securities:                     250 000        (1)
                                          157 823        (2)


Price per security:                       R2.55          (1)
                                          R2.80          (2)

Value of transactions:                    R643 633.68 (1)
                                          R441 904.40 (2)


Nature of interest:                       Indirect Beneficial

Clearance obtained:                       Yes

Johannesburg

19 March 2020

Sponsor
Sasfin Capital (a member of the Sasfin Group)

Date: 19-03-2020 03:29:00
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