AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealings by an associate

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.