Finalisation announcement – Exeltis South Africa Proprietary Limited acquisition 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”) FINALISATION ANNOUNCEMENT – EXELTIS SOUTH AFRICA PROPRIETARY LIMITED 1. INTRODUCTION AfroCentric shareholders (“Shareholders”) are referred to the detailed transaction announcement published on the Stock Exchange News Service of the JSE Limited on 28 April 2021 (‘the Announcement”), wherein they were advised that AfroCentric via its subsidiary, Activo Health Proprietary Limited (“Activo Health”), has entered into a sale of shares agreement with Shelsley Chemicals Proprietary Limited (“Shelsley”) to acquire all of the shares in Exeltis SA Proprietary Limited (“Exeltis SA”). 2. Progress on Integration to the Pharmaceutical Business Unit Further to Announcement, the key milestones for integration of the products and services into Activo Health have been met. The marketing agreements for the products were concluded and all product manufacturers’ terms and conditions are aligned to the Activo Health process. This has resulted in a consistent supply of products that will enhance and complement Activo Health’s current offering. Based on the above trading for the past 3 months, sales volumes are being achieved in line with expectations. It should be noted that the further progress payments detailed in the Announcement are based on the successful registration of additional products by Exeltis SA and its subsidiaries, as well as sales targets to be achieved during the 2022 and 2023 years. Activo Health’s sales team is able to market the Exeltis SA products with minimal additional cost when they register, making it possible to realise the anticipated value from the acquisition. Exeltis SA will also be renamed Activo Healthcare Assets (Proprietary) Limited with effect from 2 August 2021. 3. FULFILMENT OF CONDITION PRECEDENT All suspensive conditions have been met and the acquisition has now become unconditional and will be implemented according to its terms. The effective date of the acquisition will be 1 August 2021. Johannesburg 2 August 2021 Sponsor Sasfin Capital (a member of the Sasfin group) Date: 02-08-2021 02:10:00 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.