AfroCentric Investment Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1988/000570/06)

JSE Code: ACT ISIN: ZAE000078416

("the Company" or ÄfroCentric")

DISCLOSURE OF AN ACQUISITION OF SECURITIES

In accordance with section 122(3)(b) of the Companies Act, Act 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that the Company has been notified that WAD Holdings Proprietary Limited ("WAD") has acquired a beneficial interest in the securities of the Company ("Acquisition").

Following the Acquisition, WAD now holds a 15.3% beneficial interest in the total issued share capital of the Company.

Johannesburg

29 April 2022

JSE Sponsor to AfroCentric

Questco Corporate Advisory Proprietary Limited

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Afrocentric Investment Corporation Ltd. published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 15:46:50 UTC.