AFRICAN DAWN CAPITAL LIMITED - Cautionary Announcement

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”)


CAUTIONARY ANNOUNCEMENT

Shareholders of Afdawn are referred to the announcements released by the
Company on SENS on 7 December 2015 and 22 January 2016 relating to the
proposed disposal by Afdawn of a 51% shareholding in Elite Group
Proprietary Limited, a wholly-owned subsidiary of Afdawn to Dzothe
Finance Solutions Proprietary Limited (“Elite Transaction”).

Shareholders are hereby advised that the Company has entered into further
negotiations in respect of the Elite Transaction which may have a
material effect on the price of the Company’s securities if successfully
concluded.

Accordingly, shareholders are advised to exercise caution when dealing
in the Company’s securities until a full announcement is made.


27 June 2016
Cape Town

Sponsor
PSG Capital

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