AFROCENTRIC INVESTMENT CORPORATION LIMITED - Fulfilment of conditions precedent and implementation of the disposal of Activo and its subsidiaries

Fulfilment of conditions precedent and implementation of the disposal of Activo and its subsidiaries

 AFROCENTRIC INVESTMENT CORPORATION LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number: 1988/000570/06)
 ISIN: ZAE000078416
 JSE share code: ACT
 (“AfroCentric”, together with
 its subsidiaries, the “AfroCentric Group”)

FULFILMENT OF CONDITIONS PRECEDENT AND IMPLEMENTATION OF THE DISPOSAL OF ACTIVO AND ITS
SUBSIDIARIES


Shareholders are referred to the category 2 disposal announcement released by AfroCentric on the Stock Exchange
News Service (“SENS”) on Thursday, 23 April 2026 (“Category 2 Announcement”).

All capitalised terms used but not defined in this announcement shall bear the meanings ascribed to them in the Category
2 Announcement.

In terms of the Category 2 Announcement, Shareholders were advised that the Original Transaction had been replaced
by the Revised Terms outlined in the Category 2 Announcement and, specifically, that: (i) ACT HA had entered into a
new sale and purchase agreement with FHC Group and FHC in terms of which ACT HA agreed to dispose of its entire
shareholding in its wholly-owned subsidiary Activo; and (ii) ACT HA, AHL and Activo had entered into a cession
agreement with FHC Group and FHC in terms of which AHL agreed dispose of all Sale Claims against Activo, to FHC.

The board of directors of Afrocentric is pleased to inform shareholders that all Conditions to the Disposal have been
fulfilled and, accordingly, the Disposal has been implemented, on Monday, 31 August 2026.

Johannesburg
31 August 2026



   Financial Advisor and Transaction Sponsor to                          Legal Advisor to AfroCentric
                       AfroCentric                                             Webber Wentzel
   Rand Merchant Bank (a division of FirstRand Bank
    Limited) (a partner firm of Clairfield International)
Date: 31/08/2026 14:30:00
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