Dealings 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 a director of the Company and an associate of directors of the Company: Name of associate: Golden Pond Trading 175 Proprietary Limited (“Golden Pond”) Names and designations of directors: Dr Nkateko Munisi, Dr Anna Mokgokong and Mr Joe Madungandaba are all Non-Executive Directors of AfroCentric. Relationship of associate to directors: Dr Nkateko Munisi is a director of Golden Pond whilst Dr Anna Mokgokong and Mr Joe Madungandaba are directors and shareholders of Golden Pond. Date of transaction: 16 November 2020 Nature of transactions: On market purchase of AfroCentric securities Class of security: Ordinary shares Number of securities purchased: 402 851 Price per security: R3.50 Value of transactions: R1 409 978.50 Nature of interest: Indirect Beneficial Clearance obtained: N/A Johannesburg 25 November 2020 Sponsor Sasfin Capital (a member of the Sasfin Group) Date: 25-11-2020 01:14:00 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.