Cautionary announcement 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”) CAUTIONARY ANNOUNCEMENT AfroCentric shareholders (“Shareholders”) are advised that AfroCentric and its subsidiary, AfroCentric Health (RF) Proprietary Limited, have entered into negotiations with Sanlam Health Solutions Proprietary Limited for the acquisition of a Gap Cover business that is supplementary to its current medical scheme offerings, which if successfully concluded may have an effect on AfroCentric’s share price. This transaction qualifies as a small related party transaction in terms of the Listings Requirements of the JSE Limited and an independent professional expert has been briefed to provide a fairness opinion. Accordingly, Shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement in this regard is made. Johannesburg 20 August 2021 Sponsor Sasfin Capital (a member of the Sasfin Group) Date: 20-08-2021 10:25:00 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.