AFRICAN DAWN CAPITAL LIMITED - Trading statement for year ended February 2014

Trading statement for year ended February 2014

AFRICAN DAWN CAPITAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/020520/06)
JSE code: ADW
ISIN: ZAE000060703
("Afdawn" or "the company")

TRADING STATEMENT

In compliance with paragraph 3.4(b) of the JSE Limited
Listings Requirements, a listed company is required to
publish a trading statement as soon as they are satisfied
that a reasonable degree of certainty exists, that the
financial results for the next period to be reported on
are likely to vary by more than 20% from that of the
previous corresponding period.

Shareholders are advised that the company expects:

-   the total basic loss per share for the year ended 28
    February 2014 to be between 3.86     cents and 3.94
    cents in comparison to 0.42 cents for the prior
    comparative period and;

-   the total headline loss per share for the year ended
    28 February 2014 to be between 3.09 cents and 3.17
    cents in comparison to 0.40 cents for the prior
    comparative period.

The results for the year ended 28 February 2014 were
impacted by high head office costs, a loss making
operation that was subsequently closed and impairments in
assets identified for sale.

The information in this trading statement has not been
reviewed or reported on by the company`s auditors. It is
expected that the results for the year ended 28 February
2014 will be published on or about 30 May 2014.

Johannesburg
28 May 2014

Designated Advisor
Sasfin Capital
(A division of Sasfin Bank Limited)

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