Enhanced Investments - Financial Portal

Dealing in securities by directors of a major subsidiary

Published: 2025-12-11 08:05:39 ET

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


DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with paragraphs 3.63 of the JSE Limited Listings Requirements, the Company hereby
discloses the following dealings in securities by directors of a major subsidiary of AfroCentric:


 Name of Director                            Aklaaq Mahmood

 Designation:                                Executive Director of Medscheme, a major subsidiary of
                                             AfroCentric

 Date of transaction:                        1 December 2025

 Nature of transaction:                      Vesting of awards made under the 2017 Long Term
                                             Incentive Plan in November 2020 and 2021, as well as the
                                             2022 Forfeitable Share Scheme in November 2022, which
                                             awards were due to vest in November 2025

 Class of securities:                        Ordinary shares

 Number of securities:                       391 667

 Notional value of transaction (based on     R528 750.45
 an implied price of R1.35 per share,
 being the closing price on 28 November
 2025)

 Nature of interest:                         Direct Beneficial

 Clearance obtained:                         Yes


 Name of Director                            Fezeka Nompumza

 Designation:                                Executive Director of Medscheme, a major subsidiary of
                                             AfroCentric

 Date of transaction:                        1 December 2025

 Nature of transaction:                      Vesting of awards made under the 2017 Long Term
                                             Incentive Plan in November 2021, and the 2022 Forfeitable
                                             Share Scheme in November 2022, which awards were due
                                             to vest in November 2025

 Class of securities:                        Ordinary shares

 Number of securities:                       308 333

 Notional value of transaction (based on     R416 249.55
 an implied price of R1.35 per share,
 being the closing price on 28 November
 2025)
 Nature of interest:                   Direct Beneficial

 Clearance obtained:                   Yes



Johannesburg

11 December 2025

JSE Sponsor to AfroCentric




Questco Corporate Advisory Proprietary Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.