ADW - African Dawn Capital Limited - Changes to the board of directors

ADW - African Dawn Capital Limited - Changes to the board of directors          
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")                                                     
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with sections 3.84 (c) and 3.59 of the JSE Limited Listings       
Requirements, shareholders are advised that Mr CF Wiese, currently an           
independent non-executive director of Afdawn, has been appointed as lead        
independent director to the board of Afdawn with immediate effect.              
Mr CF Wiese (67) has served as a non-executive director of the company for 17   
months. The board has satisfied itself of Mr Wiese`s independence as outlined in
the Companies Act No. 61 of 1973, as amended, and the King 3 Code on Corporate  
Governance.                                                                     
Additionally, the company has appointed Ms L Taylor, currently an independent   
non-executive director of the company, as a member of the audit committee with  
immediate effect.                                                               
Johannesburg                                                                    
08 March 2011                                                                   
Designated Advisor                                                              
Sasfin Capital                                                                  
(A division of Sasfin Bank Limited)                                             
Date: 08/03/2011 13:03:37 Supplied by www.sharenet.co.za                     
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