AFRICAN DAWN CAPITAL LIMITED - African Dawn trading statement

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 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 advises shareholders that the company expects a
decrease in the Earnings per share ("EPS") and Headline
Earnings per share ("HEPS"), of between 95% and 99% in EPS for
the period ended 31 August 2012 compared to the previous
reporting period of 31 August 2011 and a decrease of between
96% and 99% in HEPS for the period ended31 August 2012
compared to the previous reporting period of 31 August 2011.

The nature of earnings has moved from reversal of impairments
as asset values increase, to sustainable operating income and
related earnings for the period.

The Debt Management division is presently negotiating two new
mandates which they are confident of securing and which are
anticipated to increase revenue. In addition, the Elite
customer base has increased from 10 000 to over 25 000
customers. The approval criteria for personal loans remain
unchanged.

The reviewed results for the period ended 31 August 2012 will
be released on SENS on or about 9 November 2012. The
information in this trading statement has not been reviewed or
reported on by Afdawn`s auditors, Grant Thornton.

Johannesburg

22 October 2012
Designated Advisor
Sasfin Capital
A division of Sasfin Bank Limited

Date: 22/10/2012 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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