Trading staement 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 advise shareholders that the company expects a change in the Earnings per share ("EPS") and Headline Earnings per share ("HEPS") to reflect a loss per share of (0.80) cents and headline loss per share of (0.75) cents per share respectively, for the six months ended, 31 August 2013. The reported EPS and HEPS for the previous corresponding period were both 0.05 cents. Shareholders attention is drawn to the new strategic vision for the group as disclosed in previous announcements, together with the cautionary announcement dated 18 November 2013. The results for the six months ended 31 August 2013 will be released on SENS during the last week of November 2013. The information in this trading statement has not been reviewed or reported on by Afdawn`s auditors, Grant Thornton. Johannesburg 22 November 2013 Designated Advisor Sasfin Capital A division of Sasfin Bank Limited Date: 22/11/2013 01:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.