Trading Statement And Renewal Of Cautionary Announcement 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”) TRADING STATEMENT AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the detailed cautionary announcement dated 15 May 2015 relating to the finalisation of the financial information for the year ended 28 February 2015, wherein shareholders were advised, inter alia, that there are material prior period accounting errors in Elite Group (Proprietary) Limited which are likely to have a substantial impact (“the Announcement”). In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous comparable period. Shareholders are hereby advised that a reasonable degree of certainty exists that for the year ended 28 February 2015, the Company will report a basic loss per share of between 2.7 cents and 3.3 cents, being an increase of between 15% and 31%, and a headline loss per share of between 2.8 cents and 3.4 cents, being between an increase of 10% and a decrease of 10%, compare to the basic loss per share of 3.9 cents and the headline loss per share of 3.1 cents published for the previous corresponding period. Shareholders are advised that the aforementioned trading statement ranges have been based on the previous comparative periods’ published results for the year ended 28 February 2014 in accordance with the JSE Listings Requirements and do not take into consideration any restatement of financial information as detailed in the Announcement (“Prior Year Restatement”). Shareholders will be advised in due course once the Prior Year Restatement is finalised. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditor. Accordingly, further to the cautionary announcement dated 15 May 2015, shareholders are advised that impact of the Prior Year Restatement is still in progress of finalisation, which may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a full announcement relating to the Prior Year Restatement is made. 9 June 2015 Johannesburg Designated Advisor PSG Capital Date: 09/06/2015 05:30:00 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.