Directors Dealing Pursuant To The Knife Capital Acquisition African Dawn Capital Limited Incorporated in the Republic of South Africa (Registration Number: 1998/020520/06) JSE share code: ADW ISIN: ZAE000060703 (“Afdawn” or the “Company") DIRECTORS DEALING PURSUANT TO THE KNIFE CAPITAL ACQUISITION Shareholders are referred to the SENS announcement dated Friday, 28 March 2014, whereby shareholders were advised that the acquisition of 100% of the issued shares in Knife Capital Proprietary Limited (“Knife Capital”) was unconditional and would be implemented in accordance with the terms of the agreement entered into on Friday, 13 December 2013 (“the Agreement”) (“the Knife Capital Acquisition”). In terms of the Agreement, the purchase consideration for the Knife Capital Acquisition was payable through the issue of Afdawn ordinary shares after the closing of the Afdawn rights offer, which took place on Friday, 4 April 2014. Accordingly, the details are set out below: 1. NAME OF DIRECTOR E van Heerden STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary INTENDED DATE OF TRANSACTION 8 April 2014 CENTS PER SHARE 10 NUMBER OF SECURITIES TRANSACTED 33 333 334 TOTAL RAND VALUE OF SECURITIES R3 333 333.40 NATURE OF TRANSACTION Receipt of shares in terms of the Knife Capital Acquisition (Off- market transaction) NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION CLEARANCE OBTAINED Yes 2. NAME OF DIRECTOR K van Zyl STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary INTENDED DATE OF TRANSACTION 8 April 2014 CENTS PER SHARE 10 NUMBER OF SECURITIES TRANSACTED 33 333 333 TOTAL RAND VALUE OF SECURITIES R3 333 333.00 NATURE OF TRANSACTION Receipt of shares in terms of the Knife Capital Acquisition (Off- market transaction) NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION CLEARANCE OBTAINED Yes Johannesburg 8 April 2014 Corporate Adviser and Transaction Designated Adviser PSG Capital Date: 08/04/2014 10:05:00 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.