AFRICAN DAWN CAPITAL LIMITED - Audited results for the year ended 28 February 2023

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
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