Audited results for the year ended 28 February 2023 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”) AUDITED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2023 1. SALIENT FEATURES Revenue increased by 12.12% to R14.764 million, from R13.168 million in the prior year ended 28 February 2022 (“prior corresponding period”). Headline loss per share increased by 20.69% to 24.5 cents per share, from 20.3 cents per share in the prior corresponding period. Loss per share increased by 20.69% to 24.5 cents per share, from 20.3 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 audited annual financial statements (“Audited Annual Financial Statements”) and does not contain full or complete details. The Audited Annual Financial Statements can be found via the JSE link at: https://senspdf.jse.co.za/documents/2023/JSE/ISSE/ADW/YE2023.pdf Copies of the Audited Annual Financial Statements are also available for viewing on the Company’s website at http://www.afdawn.co.za/wp-content/uploads/2023/07/sens2023.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 Audited Annual Financial Statements, as a whole. The Audited Annual Financial Statements for the year ended 28 February 2023 have been independently audited by PFK Octagon Incorporated, who expressed an unqualified conclusion with the following modifications: • Material uncertainty relating to the Group's ability to continue as a going concern. A copy of the auditor’s review conclusion is included along with the Audited Annual Financial Statements is available on the Company’s website. Johannesburg 31 July 2023 Designated Advisor PSG Capital Date: 31-07-2023 09:30:00 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.