AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing by an associate

Dealing by an associate

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
(“the Company" or “AfroCentric”)


DISCLOSURE OF ACQUISITIONS AND A DISPOSAL OF SECURITIES

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 (the “Companies
Act”), regulation 121(2)(b) of the Companies Act Regulations 2011, and paragraph 3.83(b) of
the JSE Limited Listings Requirements, shareholders are advised that the Company has been
notified that:

-     the following entities have acquired beneficial interests in the securities of AfroCentric
      :
      -       RQ Investments Proprietary Limited (“RQI”). RQI now holds a 9.9% beneficial
              interest in the total issued share capital of the Company;
      -       WHB Holdings Proprietary Limited (“WHB”). WHB now holds a 5.10% beneficial
              interest in the total issued share capital of the Company; and
      -       XTR Investments Capital Proprietary Limited (“XTR”). XTR now holds a 5.10%
              beneficial interest in the total issued share capital of the Company; and

-     WAD Holdings Proprietary Limited (“WAD”) has disposed of a beneficial interest in the
      securities of AfroCentric, such that WAD now holds zero beneficial interest in the total
      issued share capital of the Company.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the
required notices with the Takeover Regulation Panel.

The board of directors of AfroCentric (“the Board”) accepts responsibility for the information
contained in this announcement as it pertains to AfroCentric. To the best of the Board's
knowledge and belief, the information contained in this announcement is true and nothing has
been omitted which is likely to affect the importance of such information

Johannesburg
25 May 2022

JSE Sponsor to AfroCentric




Questco Corporate Advisory Proprietary Limited

Date: 25-05-2022 03:35:00
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.