AFRICAN DAWN CAPITAL LIMITED - Directors Dealing Pursuant To The Knife Capital Acquisition

Directors Dealing Pursuant To The Knife Capital Acquisition

African Dawn Capital Limited
Incorporated in the Republic of South Africa
(Registration Number: 1998/020520/06)
JSE share code: ADW
ISIN: ZAE000060703
(“Afdawn” or the “Company")

DIRECTORS DEALING PURSUANT TO THE KNIFE CAPITAL ACQUISITION

Shareholders are referred to the SENS announcement dated Friday,
28 March 2014, whereby shareholders were advised that the
acquisition of 100% of the issued shares in Knife Capital
Proprietary Limited (“Knife Capital”) was unconditional and would
be implemented in accordance with the terms of the agreement
entered into on Friday, 13 December 2013 (“the Agreement”) (“the
Knife Capital Acquisition”).

In terms of the Agreement, the purchase consideration for the
Knife Capital Acquisition was payable through the issue of Afdawn
ordinary shares after the closing of the Afdawn rights offer,
which took place on Friday, 4 April 2014. Accordingly, the details
are set out below:

1.
 NAME OF DIRECTOR                  E van Heerden
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Shares
 CLASS OF SECURITIES               Ordinary
 INTENDED DATE OF TRANSACTION      8 April 2014
 CENTS PER SHARE                   10
 NUMBER OF SECURITIES TRANSACTED   33 333 334
 TOTAL RAND VALUE OF SECURITIES    R3 333 333.40
 NATURE OF TRANSACTION             Receipt of shares in terms of the
                                   Knife Capital Acquisition (Off-
                                   market transaction)
NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTION
CLEARANCE OBTAINED                 Yes

2.
 NAME OF DIRECTOR                  K van Zyl
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Shares
 CLASS OF SECURITIES               Ordinary
 INTENDED DATE OF TRANSACTION      8 April 2014
 CENTS PER SHARE                   10
 NUMBER OF SECURITIES TRANSACTED   33 333 333
 TOTAL RAND VALUE OF SECURITIES    R3 333 333.00
 NATURE OF TRANSACTION             Receipt of shares in terms of the
                                   Knife Capital Acquisition (Off-
                                   market transaction)
NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTION
CLEARANCE OBTAINED                 Yes


Johannesburg
8 April 2014

Corporate Adviser and Transaction Designated Adviser
PSG Capital

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