AFRICAN DAWN CAPITAL LIMITED - Changes to the Board

Changes to the Board

African Dawn Limited
Incorporated in the Republic of South Africa
(Registration number:1998/020520/06 )
JSE share code: ADW
ISIN:ZAE000060703
(“Afdawn” or the “company")



CHANGES TO THE BOARD OF DIRECTORS
Following the completion of the Knife Capital transaction
announced earlier this morning, the board of directors of
Afdawn (the “Board”)is pleased to announce the following
changes to the Board:


  -   Mr E van Heerden (“Eben”), has been appointed as Chief
      Financial Officer of Afdawn with effect from 27 March
      2014;
  -   Mr WJ (“Jacques”) Groenewald, who was appointed as Acting
      Chief Executive Officer (“CEO”) of the company on 24
      February 2014, has been appointed as the permanent CEO of
      Afdawn with effect from 28 March 2014; and
  -   Mr K van Zyl (“Keet”), currently a Non-Executive Director
      of Afdawn, has been appointed as an Executive Director of
      the Company with effect from 28 March 2014.


  The Board welcomes Eben, Jacques and Keet and wishes them
  well in their new appointments.


28 March 2014
Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)

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