AfroCentric Investment Corporation Limited (AfroCentric) (ACT)

Posted on Monday, June 29, 2009 at 12:57pm.

FHS House 15 Girton Road, Park Town, 2193
Private Bag X34 BENMORE 2010 South Africa

Phone No. 27 11 301 0247

Fax No. 27 11 301 0495

Chairman N.B. Bam

CEO or MD N.M.J. Canca

Name of External Affairs or Press Contact M.I. Sacks

AfroCentric Investment Corporation Limited (AfroCentric) is a diversified investment holding company. On June 1, 2008, it acquired 34.9% interest in Jasco Electronics Holdings Limited (Jasco). The Company also owns 51% interest in Malesela Taihan Technologies (Pty) Limited (MTech), a wholly owned subsidiary of Jasco. MTech is a manufacturer and distributor of fibre optic cable, including a range of power and telecom cable, serving inter alia, the infrastructural development demands in the South African and African continental markets. As of March 19, 2009, the Company had acquired 67% interest in Lethimvula.

Johannesburg Stock Exchange (JSE)