Dealing in securities by Directors, the Company Secretary and Directors of Major Subsidiaries 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” or “the Group”) Dealing in Securities by Directors of the Company, the Company Secretary and a Directors of Major Subsidiaries In compliance with the terms of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby discloses the following director’s dealings in AfroCentric shares relating to options or shares accepted in terms of the Company’s Share Option Scheme: Name of Director: H Boonzaaier Designation: Financial Director of Afrocentric Class of securities: Options in respect of ordinary shares Nature of interest: Direct beneficial Date of transaction: 14 December 2020 Nature of transaction: Acceptance of options granted in terms of the Company’s Share Option Scheme (Off - market trade) Date of expiry: 20 November 2021 Number of securities obtained: 400 000 Price per security: R3.65 Value of transaction: R1 460 000.00 Clearance obtained: Yes Name of Director: S Mmakau Designation: Executive Director of AfroCentric Class of securities: Options in respect of ordinary shares Nature of interest: Direct beneficial Date of transaction: 14 December 2020 Nature of transaction: Acceptance of options granted in terms of the Company’s Share Option Scheme (Off - market trade) Date of expiry: 20 November 2021 Number of securities obtained: 300 000 Price per security: R3.65 Value of transaction: R1 095 000.00 Clearance obtained: Yes Name of Director: N Nyathi Designation: Executive Director of AfroCentric Class of securities: Options in respect of ordinary shares Nature of interest: Direct beneficial Date of transaction: 14 December 2020 Nature of transaction: Acceptance of options granted in terms of the Company’s Share Option Scheme (Off - market trade) Date of expiry: 20 November 2021 Number of securities obtained: 400 000 Price per security: R3.65 Value of transaction: R1 460 000.00 Clearance obtained: Yes Name of Director: A Mahmood Designation: Executive Director of AfroCentric Class of securities: Options in respect of ordinary shares Nature of interest: Direct beneficial Date of transaction: 14 December 2020 Nature of transaction: Acceptance of options granted in terms of the Company’s Share Option Scheme (Off - market trade) Date of expiry: 20 November 2021 Number of securities obtained: 400 000 Price per security: R3.65 Value of transaction: R1 460 000.00 Clearance obtained: Yes Name of Director: T Du Preez Designation: Chief Executive Officer of: Afrocentric Distribution Services, subsidiary of AfroCentric Class of securities: Options in respect of ordinary shares Nature of interest: Direct beneficial Date of transaction: 14 December 2020 Nature of transaction: Acceptance of options granted in terms of the Company’s Share Option Scheme (Off - market trade) Date of expiry: 20 November 2021 Number of securities obtained: 200 000 Price per security: R3.65 Value of transaction: R 730 000.00 Clearance obtained: Yes Name of Director: B Mokale Designation: Group Company Secretary Class of securities: Options in respect of ordinary shares Nature of interest: Direct beneficial Date of transaction: 14 December 2020 Nature of transaction: Acceptance of options granted in terms of the Company’s Share Option Scheme (Off - market trade) Date of expiry: 20 November 2021 Number of securities obtained: 120 000 Price per security: R3.65 Value of transaction: R438 000.00 Clearance obtained: Yes Name of Director: G Erasmus Designation: Managing Director of: Pharmacy Direct/Curasana/ Activo Health, major subsidiaries of AfroCentric Class of securities: Options in respect of ordinary shares Nature of interest: Direct beneficial Date of transaction: 14 December 2020 Nature of transaction: Acceptance of options granted in terms of the Company’s Share Option Scheme (Off - market trade) Date of expiry: 20 November 2021 Number of securities obtained: 400 000 Price per security: R3.65 Value of transaction: R1 460 000.00 Clearance obtained: Yes Johannesburg 15 December 2020 Sponsor: Sasfin Capital (a member of the Sasfin group) Date: 15-12-2020 08:10:00 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.