Dealing in shares by an associate 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 AN ASSOCIATE OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby discloses the following trades by an associate of directors of the Company: Name of director: Antoine van Buuren Designation: Executive Director of AfroCentric Name of associate: Royal Queens Holdings Proprietary Limited (“Royal Queens”) Relationship of associate to director: Antoine van Buuren is a shareholder and director of Royal Queens Date of transaction: 19 October 2017 Nature of transaction: On market sale of AfroCentric securities Class of security: Ordinary shares Number of securities: 125 000 Price per security: R6.40 Value of transaction: R800 000.00 Nature of interest: Indirect Beneficial Clearance obtained: N/A Name of director: Willem Britz Designation: Executive Director of AfroCentric Name of associate: Royal Queens Holdings Proprietary Limited (“Royal Queens”) Relationship of associate to director: Willem Britz is a shareholder and director of Royal Queens Date of transaction: 19 October 2017 Nature of transaction: On market sale of AfroCentric securities Class of security: Ordinary shares Number of securities: 125 000 Price per security: R6.40 Value of transaction: R800 000.00 Nature of interest: Indirect Beneficial Clearance obtained: N/A Johannesburg 23 October 2017 Sponsor Sasfin Capital (a member of the Sasfin group) Date: 23/10/2017 01:05:00 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.