AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealings in LTIP scheme

Dealings in LTIP scheme

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
(“the Company" or “AfroCentric”)



Dealings in securities by Directors of Afrocentric and a Director of a major subsidiary of AfroCentric relating to
vesting of shares under the AfroCentric Long Term Incentive Plan (“LTIP”)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following trades by Directors and a Director of a Major Subsidiary of AfroCentric
relating to the acceptance of Share Awards awarded in terms of the rules of the AfroCentric Long Term
Incentive Plan (“LTIP”) and are advised of the following information relating to the vesting of Share Awards
in respect of the final tranches (being 1/3rd of Share Awards after the expiry of the Retention Period i.e. in
year 4 (four) after Award Date). The price per share, for purposes of determining the market value, is the
30 day VWAP price per AfroCentric shares on 25 April 2022 being 490 cents per share:



 Name of director:                               Johannes Willem Boonzaaier
 Designation:                                    Executive Director of AfroCentric
 Date of transaction:                            26 April 2022
 Nature of transaction:                          Acceptance of Share Awards in terms of the Company’s
                                                 LTIP (final tranche)
 Class of security:                              Ordinary shares
 Number of securities:                           400 000
 Price per security:                             490 cents per share
 Value of transaction:                           R1 960 000.00
 Nature of interest:                             Direct Beneficial
 Clearance obtained:                             Yes
 Name of director:                               Aklaaq Ahmed Mahmood
 Designation:                                    Executive Director of Medscheme, a major subsidiary of
                                                 the Company
 Date of transaction:                            26 April 2022
 Nature of transaction:                          Acceptance of Share Awards in terms of the Company’s
                                                 LTIP (final tranche)
 Class of security:                              Ordinary shares
 Number of securities:                           250 000
 Price per security:                             490 cents per share
 Value of transaction:                           R1 225 000.00
 Nature of interest:                             Direct Beneficial
 Clearance obtained:                             Yes

 Name of director:                               David Radikgomo Mokale
 Designation:                                    Company Secretary of AfroCentric
 Date of transaction:                            26 April 2022
 Nature of transaction:                          Acceptance of Share Awards in terms of the Company’s
                                                 LTIP (final tranche)
 Class of security:                              Ordinary shares
 Number of securities:                 150 000
 Price per security:                   490 cents per share
 Value of transaction:                 R735 000.00
 Nature of interest:                   Direct Beneficial
 Clearance obtained:                   Yes

Johannesburg
28 April 2022



JSE Sponsor to AfroCentric




Questco Corporate Advisory Proprietary Limited

Date: 28-04-2022 04:12:00
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