ADW - African Dawn - Trading Statement

ADW - African Dawn - Trading Statement                                          
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 of the Listings Requirements of the JSE        
Limited, 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 the previous corresponding period.         
Afdawn wishes to advise shareholders that the company expects a                 
turnaround in the loss per share ("LPS") and headline loss per share            
("HLPS") resulting in an earnings per share ("EPS") and headlines               
earnings per share ("HEPS") for the period ended 31 August 2011 of more         
than 20% compared to the LPS and HLPS reported on in the prior                  
comparative period ending 31 August 2010. The company expects an EPS of         
1.71 cents per share and HEPS of 1.80 cents per share which translates          
into an increase of 136% to the EPS and an increase of 138% to HEPS             
reported on in the previous corresponding period.                               
The information in this trading statement has not been reviewed or              
reported on by Afdawn`s auditors, Grant Thornton.                               
Johannesburg                                                                    
29 September 2011                                                               
Designated Advisor                                                              
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 29/09/2011 13:28:58 Supplied by www.sharenet.co.za                     
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