Results Of The Annual General Meeting AFRICAN DAWN CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/020520/06) Share code: ADW ISIN Code: ZAE000060703 (“Afdawn” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held today, 12 December 2014 at the boardroom, African Dawn Capital, 202 Waterfront Terraces, Waterfront Road, Tygervalley Waterfront, Bellville, 7530 (“AGM”), all of the resolutions were passed by the requisite majority of Afdawn shareholders, save for ordinary resolution 8 and ordinary resolution 12, which was withdrawn prior to the AGM. The detailed voting results of the AGM are set out below: Votes for Votes Number of Number of Shares resolution against shares voted at shares voted abstained as (%) * resolution the AGM at the AGM as a percentage (%) * a percentage (%) of shares (%) of shares in issue in issue Special resolution number 1 Remuneration of non- executive directors 94.33 - 445 610 349 50.62 2.87 Special resolution number 2 General authority to acquire own shares 94.33 5.66 445 660 349 50.63 0.01 Special resolution number 3 Loans or other financial assistance to director and related companies 99.99 - 445 610 349 50.62 0.01 Special resolution number 4 Financial assistance for acquisition for acquisition of shares in a related or inter-related company 99.99 - 445 610 349 50.62 0.01 Ordinary resolution number 1 To re-elect as director E van Heerden 99.99 - 445 610 349 50.62 0.01 Ordinary resolution number 2 To re-elect as director A Böhmert 94.33 5.66 445 610 349 50.62 2.87 Ordinary resolution number 3 To re-elect as director S Roper 99.99 - 445 610 349 50.62 0.01 Ordinary resolution number 4 To re-elect as director H Hickey 99.99 - 445 610 349 50.62 0.01 Ordinary resolution number 5 To re-elect as director W Groenewald 99.99 - 445 610 349 50.62 0.01 Ordinary resolution number 6 To elect as audit committee member H Hickey 99.99 - 445 610 349 50.62 0.01 Ordinary resolution number 7 To elect as audit committee member V 99.99 - 445 610 349 50.62 0.01 Lessing Ordinary resolution number 9 To confirm the re- appointment of Grant Thornton as independent auditors of the Company and the Group and E Dreyer as the designated audit partner for the 2015 financial year 99.99 - 445 610 349 50.62 0.01 Ordinary resolution number 10 Approval of the Company’s remuneration policy and its implementation 94.33 5.66 445 614 349 50.62 0.01 Ordinary resolution number 11 To place the authorised but unissued shares under the control of the directors 67.45 - 445 610 349 50.62 32.55 Ordinary resolution number 13 To authorise the directors to sign and do all things necessary to implement the resolutions passed at the annual general meeting 99.99 - 445 610 349 50.62 0.01 Note * - In relation to the total number of shares voted at the AGM 12 December 2014 Johannesburg Sponsor PSG Capital Date: 12/12/2014 04:30:00 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.