AFRICAN DAWN CAPITAL LIMITED - Results of the annual general meeting

Results of the annual general meeting

AFRICAN DAWN CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/020520/06)
Share code: ADW
ISIN Code: ZAE000223194
(“Afdawn” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held at
10:00 today, Wednesday, 24 August 2022 at the offices of Elite Group, Horizon Shopping
Centre, 3rd Floor, Corner Sonop and Ontdekkers Roads, Horizon View, Roodepoort (“AGM”),
all of the resolutions were passed by the requisite majorities of the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

                                            Votes
                         Votes for        against
                        resolution     resolution
                              as a           as a                    Number of      Number of
                        percentage     percentage                       shares         shares
                          of total       of total                     voted at      abstained
                         number of      number of      Number of      AGM as a           as a
 Resolutions                shares         shares         shares    percentage     percentage
 proposed at the          voted at       voted at       voted at  of shares in   of shares in
 AGM                           AGM            AGM            AGM        issue*         issue*
 Ordinary resolution
 number 1:
 Re-election of Mr S
 Roper as an
 independent non-
 executive director       99.997%          0.003%     39 845 295      62.604%         0.026%
 Ordinary resolution
 number 2:
 Re-appointment of
 Mr S Roper to the
 audit and risk
 committee                99.997%          0.003%     39 845 295      62.604%         0.026%
 Ordinary resolution
 number 3:
 Re-appointment of
 Mr B Stagman to
 the audit and risk
 committee                99.997%          0.003%     39 845 295      62.604%         0.026%
 Ordinary resolution
 number 4:
 Re-appointment of
 Mr S Blieden to the
 audit and risk
 committee                99.997%          0.003%     39 845 295      62.604%         0.026%
 Ordinary resolution
 number 5:
 Appointment of the
 independent
 registered auditor       99.997%          0.003%     39 845 295      62.604%         0.026%
 Ordinary resolution
 number 6:
 Non-binding
 endorsement of the
 Company’s
 remuneration policy      99.997%          0.003%     39 845 295      62.604%         0.026%
 Ordinary resolution
 number 7:
 General authority to
 issue ordinary
 shares for cash          99.997%          0.003%     39 845 295      62.604%         0.026%
 Special resolution
 number 1:
 Approval of the
 non-executive
 directors’ fees          99.997%          0.003%     39 845 295      62.604%         0.026%
 Special resolution
 number 2:
 General approval to
 acquire own shares       99.997%          0.003%     39 845 295      62.604%         0.026%
 Special resolution
 number 3:
 Inter-company
 financial assistance     99.997%          0.003%     39 845 295      62.604%         0.026%
 Special resolution
 number 4:
 Financial
 assistance for the
 subscription and/or
 purchase of shares
 in the Company or
 a related or inter-
 related company          99.997%          0.003%     39 845 295      62.604%         0.026%

Note:
*Total number of shares in issue as at the date of the AGM was 63 646 916.

Johannesburg
24 August 2022

Designated Advisor
PSG Capital

Date: 24-08-2022 02:30:00
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