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The respective boards of AfroCentric Investment Corp Limited (“ACT”) and Sanlam are pleased to confirm that all the suspensive conditions relating to the Sanlam subscription, for the sum of R703 million, for a 28.7% interest in AfroCentric Healthcare Assets Proprietary Limited (“AHA”) a wholly owned subsidiary of AfroCentric (“the Transaction”), have been fulfilled or waived and the Transaction is now unconditional.

The effective date of the Transaction is today, 15 December 2015.

For ease of reference shareholders are referred to the detailed joint announcement published on the Stock Exchange News Service (“SENS”) on 30 September 2014 wherein they were advised of the full terms of the Transaction, and the subsequent announcements relating thereto.

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