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 ASSOCIATES 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 an associate of a director of the Company: (1) Name of associate: RQ Investments Proprietary Limited (“RQ”) Name of director: Willem Britz Designation: Executive Director of AfroCentric Relationship of associate to director: Willem Britz is a 50% shareholder and director of RQ Date of transaction: 24 May 2021 Nature of transaction: Off market sale of AfroCentric securities Class of security: Ordinary shares Number of securities: 27 876 401 Price per security: R4.67 Value of transaction: R130 182 793 Nature of interest: Indirect Beneficial 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 50% shareholder and director of WAD Date of transaction: 24 May 2021 Nature of transactions: Off market sale of AfroCentric securities Class of security: Ordinary shares Number of securities: 15 000 000 Price per security: R4.67 Value of transaction: R 70 050 000.00 Nature of interest: Indirect Beneficial Clearance obtained: Yes The above increase in shares for RQ represents and effective increase of 6 438 200 AfroCentric shares being held by Mr Willem Britz through his associate holdings. Johannesburg 27 May 2021 Sponsor Sasfin Capital (a member of the Sasfin Group) Date: 26-05-2021 04:55:00 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.