18 Jun - 2 min read

Results for the year Ended 28 February 2021

Results for the year Ended 28 February 2021

 AFRICAN DAWN CAPITAL LIMITED
 Incorporated in the Republic of South Africa
 (Registration number: 1998/020520/06)
 Share code: ADW
 ISIN Code: ZAE000223194
 (“the Company”)

RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2021

1.   SALIENT FEATURES

     Revenue decreased by 30.84% to R8.324 million, from R12.035 million in the prior
     corresponding period.

     Headline loss per share increased by 12.14% to 23.1 cents per share, from 20.6 cents
     per share in the prior corresponding period.

     Loss per share increased by 10.68% to 22.8 cents per share, from 20.6 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 at:
     https://senspdf.jse.co.za/documents/2021/JSE/ISSE/ADW/YE2021.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website
     at              http://www.afdawn.co.za/wp-content/uploads/2021/06/african-dawn-sens-
     10062021.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 have been independently
     reviewed by Mazars, who expressed an unqualified review conclusion with the following
     modifications:
         • Material uncertainty relating to going concern; and
         • Emphasis of matter relating to contingent liabilities; and
         • Emphasis of matter relating to the impact of COVID19.

A copy of the auditor’s review conclusion is included along with the condensed consolidated
financial results.

Johannesburg
18June 2021

Designated Advisor
PSG Capital

Date: 18-06-2021 02:45:00
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