Withdrawal of Cautionary Announcement 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”) WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement dated 25 November 2014 and the renewal of cautionary announcements dated 15 January 2015, 26 February 2015, 13 April 2015 and 27 May 2015. Shareholders are hereby advised that the June 2013 compromise application in terms of Section 200 of the Tax Administration Act has been declined. Accordingly, caution is no longer required to be exercised by shareholders when dealing in their securities. Shareholders are further advised that the Company will be submitting a new application to SARS regarding the settlement of tax obligations in terms of section 167 and/or section 200 of the Tax Administration Act. Shareholders will be advised in due course of the outcome of the aforementioned application. RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred the cautionary announcement dated 15 May 2015 and the renewal of cautionary announcement dated 9 June 2015 relating to the finalisation of the financial statements of the Company for the year ended 28 February 2015 (“Annual Financial Statements”) and the impact of the prior year restatements (“Prior Year Restatement”). Shareholders are hereby advised that the Company will endeavour to publish the Annual Financial Statements by the end of July 2015 on SENS. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a full announcement relating to the Annual Financial Statements and the Prior Year Restatement is made. 29 June 2015 Johannesburg Designated Advisor PSG Capital Date: 29/06/2015 05:00:00 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.