AfroCentric Investment Corporation Limited

AfroCentric is a black owned diversified investment holding company, its major investments being in healthcare administration, electronics and the communications industries. AfroCentric also has a relationship agreement with Rio Tinto Plc for mineral prospecting and exploration projects and more recently concluded a distribution agreement with Hanwha Corporation, one of the largest industrial conglomerates in South Korea. The Company's subsidiary, Lethimvula Investments Limited ("LIL") owns 100% of the shares in Medscheme Holdings (Pty) Limited, a multi medical scheme administrator. Medscheme is the largest black owned medical scheme administrator in South Africa covering approximately 2 million lives in the private healthcare administration market.