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Results of the Annual General Meeting
AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
("the Company" or AfroCentric")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting ("AGM") of AfroCentric held today,
11 May 2026, all resolutions as set out in the notice of the AGM which was incorporated in the Integrated
Annual Report for the financial year ending on 31 December 2025 and was distributed to shareholders on
8 April 2026 were duly approved by the requisite majority of shareholders present and voting either in
person or represented by proxy.
The total number of shares in issue as at the date of the AGM 100% 818 833 489
The total number of shares present/represented including proxies at the
meeting as percentage of voteable shares 90% 736 983 873
The total number of shares present/represented including proxies at the
meeting as percentage of issued shares 88% 736 983 873
Abstentions and shares voted are represented below as a percentage of total number of shares in issue.
Resolutions:
Ordinary Resolution number 1: Confirmation of appointment of directors appointed during the
year under review
Ordinary Resolution number 1: Election of Ms CK Mokoena as non-executive director
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Ordinary Resolution number 2: Re-election of directors
Ordinary resolution 2.1 – Re-election of Mr JB Fernandes
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Ordinary resolution 2.2 – Re-election of Mr MJ Madungandaba
For Against Abstain Shares voted
699 072 130 37 784 868 126 875 736 856 998
94.87% 5.13% 0.02% 87,65%
Ordinary resolution 2.3 – Re-election of Ms KN Mkhize
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.4% 3.53% 0.02% 87,65%
Ordinary Resolution number 3: Appointment of the members to the Audit and Risk Committee
Ordinary resolution 3.1 – Appointment of Mr JB Fernandes
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Ordinary resolution 3.2 – Appointment of Ms AM le Roux
For Against Abstain Shares voted
698 802 930 38 054 068 126 875 736 856 998
94.84% 5.16% 0.02% 87,65%
Ordinary resolution 3.3 – Appointment of Ms K Morule
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Ordinary Resolution number 4: Appointment of members to the Social and Ethics Committee
Ordinary resolution 4.1 – Appointment of Ms CK Mokoena
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Ordinary resolution 4.2 – Appointment of Ms K Morule
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Ordinary resolution 4.3 – Appointment of Dr ND Munisi
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Ordinary resolution number 5: Re-appointment of KPMG as independent auditor for the 2026
financial year
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Ordinary resolution number 6: General authority to repurchase shares
For Against Abstain Shares voted
708 363 158 28 493 840 126 875 736 856 998
96.13% 3.87% 0.02% 87,65%
Ordinary resolution number 7: Non-binding shareholder advisory vote on the Company's
Remuneration Policy
For Against Abstain Shares voted
696 322 107 40 534 891 126 875 736 856 998
94.50% 5.50% 0.02% 87,65%
Ordinary resolution number 8: Non-binding shareholder advisory vote on the Company's
Remuneration Implementation Report
For Against Abstain Shares voted
696 322 107 40 534 891 126 875 736 856 998
94.50% 5.50% 0.02% 87,65%
Special resolution number 1: Approval of Non-executive Directors' fees
For Against Abstain Shares voted
710 841 981 26 015 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Special resolution number 2: General authority to issue shares for cash – limited to 3%
For Against Abstain Shares voted
698 802 930 38 054 068 126 875 736 856 998
94.84% 5.16% 0.02% 87,65%
Special resolution number 3: Financial assistance to related and inter-related company or
companies
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
Special resolution number 4: Financial assistance for the subscription of shares to related or
inter-related companies
For Against Abstain Shares voted
710 842 981 26 014 017 126 875 736 856 998
96.47% 3.53% 0.02% 87,65%
11 May 2026
JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited
Date: 11-05-2026 03:15:00
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