ADW - African Dawn Capital Limited - Trading Statement

ADW - African Dawn Capital Limited - 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 
it is 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 an increase in the
Earnings per share ("EPS") and Headline Earnings per share ("HEPS"), for the    
year ended 29 February 2012. The expected change is more than 20% compared to   
the EPS and HEPS reported on in the prior comparative period (28 February 2011).
The reported EPS and HEPS for corresponding period were 1.63 cents and 1.03     
cents respectively. The company expects an EPS to increase between 87% and 107% 
and HEPS to increase between 184% and 204% from the previous corresponding      
period. The difference between EPS and HEPS is mainly due to the sale of a      
subsidiary, with previous impairments in investment and intercompany loan       
account not adjusted for in HEPS.                                               
The audited results for the year ended 29 February 2012 will be released on SENS
during the last week of May 2012. The information in this trading statement has 
not been reviewed or reported on by Afdawn`s auditors, Grant Thornton.          
Johannesburg                                                                    
15 May 2012                                                                     
Designated Advisor                                                              
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 15/05/2012 16:00:03 Supplied by www.sharenet.co.za                     
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