ADW - African Dawn Capital Limited - Appointment of an executive director

ADW - African Dawn Capital Limited - Appointment of an executive director       
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")                                                     
APPOINTMENT TO THE BOARD OF DIRECTORS                                           
In terms of paragraph 3.59 of the JSE Limited`s Listings Requirements, the      
board of Afdawn is pleased to advise that Dr G E (Eddie) Stoop has been         
appointed as an executive director of the company with effect from 23 May       
2012.                                                                           
Eddie is an Industrial Psychologist with a Doctorate in Business                
Administration. His experience of more than 27 years was gained in numerous     
industries including Insurance, Engineering, Retail and Education.              
Before joining Elite Group (now a wholly owned subsidiary of Afdawn) in 1999    
he was involved at UNISA SBL as lecturer and consultant, focusing on new        
academic products for the changing South African market.                        
Eddie is currently the Chief Executive Officer of Elite Group. During his       
time in the Micro Finance environment he was the Key note speaker at            
BANKSETA`s opening of the Micro Finance Skills Projects and part of the NCR     
fact finding group on the new credit act. He revolutionized Elite`s product     
offering through the introduction of a dynamic all inclusive Centralized        
Processing Centre, offering products to clients nationwide at the press of a    
button.                                                                         
He introduced the company to new products such as Incremental, Rescue and       
Consolidation finance and established an integrated, system driven,             
collection process in the company and, more recently, Elite Medical Finance,    
a product developed during the past 18 months, offering a unique practice       
administration system to medical practitioners.                                 
24 May 2012                                                                     
Johannesburg                                                                    
Designated Advisor                                                              
Sasfin Capital (a division of Sasfin Bank Limited)                              
Date: 24/05/2012 13:00:01 Supplied by www.sharenet.co.za                     
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