Results for the year ended 28 February 2022 AFRICAN DAWN CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/020520/06) Share code: ADW ISIN Code: ZAE000223194 (“the Company” or “the Group”) RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2022 1. SALIENT FEATURES Revenue increased by 58.194% to R13.168 million, from R8.324 million in the prior year ended 28 February 2021 (“prior corresponding period”). Headline loss per share decreased by 12.12% to 20.3 cents per share, from 23.1 cents per share in the prior corresponding period. Loss per share decreased by 10.96% to 20.3 cents per share, from 22.8 cents per share in the prior corresponding period. 2. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement (“Full Announcement”) and does not contain full or complete details. The Full Announcement can be found via the JSE link at: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/ADW/YE2022.pdf. Copies of the Full Announcement are also available for viewing on the Company’s website at http://www.afdawn.co.za/wp-content/uploads/2022/07/afdawnsensye2022.pdf or may be requested in person, at the Company’s registered office or the office of the designated advisor, at no charge, during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole. These condensed consolidated financial results for the year ended 28 February 2022 have been independently audited by the Company’s auditors, PFK Octagon Inc., who expressed an unqualified opinion thereon, noting a material uncertainty relating to the Group's ability to continue as a going concern. A copy of the audited annual financial statements, along with the auditor’s report, including key audit matters in respect thereof, are available, on the Company’s website at http://www.afdawn.co.za/wp-content/uploads/2022/07/adwgroupafs2022final.pdf. Johannesburg 8 July 2022 Designated Advisor PSG Capital Date: 08-07-2022 04:48:00 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.