AFRICAN DAWN CAPITAL LIMITED - Changes To The Board Of Directors

Changes To The Board Of Directors

AFRICAN DAWN CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/020520/06)
Share code: ADW
ISIN Code: ZAE000060703
(“Afdawn” or “the Company” or “the Group”)


CHANGES TO THE BOARD OF DIRECTORS

In compliance with paragraph 3.59(a) and paragraph 3.59 (b) of the JSE
Limited (“JSE”) Listings Requirements, Afdawn hereby re-advises
shareholders of the following changes to the board of directors, as
announced to shareholders on SENS on 22 December 2015:


 - Eben van Heerden has resigned as Chief Financial Officer with effect
   from 11 January 2016. He will remain within the group and focus on
   his role as Chief Financial Officer of Knife Capital; and

 - Graham Hope has replaced Eben as Chief Financial Officer of Afdawn
   with effect from 11 January 2016. Graham brings a wealth of
   experience to the Group and will also serve as Financial Director
   of Afdawn in both Dzothe Finance Solutions and Elite Group.

Furthermore, shareholders are hereby advised that:

 - Keet van Zyl has resigned as director of Afdawn with effect from
   11 January 2016 but will remain within the Group as executive
   director of Knife Capital; and


 - Andrea Böhmert has also resigned as director of Afdawn with effect
   from 11 January 2016 but will remain within the Group as executive
   director of Knife Capital.



12 January 2016
Cape Town

Sponsor
PSG Capital

Date: 12/01/2016 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.