Interim Results Announcements for the Six Months Ended 31 August 2019 AFRICAN DAWN CAPITAL LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1998/020520/06 Share code: ADW ISIN: ZAE000223194 (“Afdawn” or “the Company”) INTERIM RESULTS ANNOUNCEMENTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019 1. SALIENT FEATURES Loss before Tax increased by 24.8% to R5.504 million, from R4.409 million in the prior corresponding period. Headline loss per share decreased by 42.5% to 11.1 cents per share, from 19.3 cents per share in the prior corresponding period. Loss per share decreased by 44.8% to 11.1 cents per share, from 20.1 cents per share in the prior corresponding period. The headline and earnings loss per share decrease is not due to operational performance but mainly due to the additional shares that were issued by Afdawn during the 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 at: https://senspdf.jse.co.za/documents/2019/JSE/ISSE/ADW/AdwAug19.pdf Copies of the Full Announcement is also available for viewing on the Company’s website at http://www.afdawn.co.za/images/2019/interim.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. 29 November 2019 Designated Adviser PSG Capital Date: 29-11-2019 11:00:00 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.