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-FORMANNOUNCEMENT

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.pdfor 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

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African Dawn Capital Limited published this content on 08 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2022 15:13:00 UTC.