AFRICAN DAWN CAPITAL LIMITED - Results of the annual general meeting

Results of the annual general meeting

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

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held at 10:00
on Friday, 29 September 2023, at the offices of Elite Group, Horizon Shopping Centre, 3rd Floor,
Corner Sonop and Ontdekkers Roads, Horizon View, Roodepoort (“AGM”), all of the resolutions
were passed by the requisite majorities of the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

                                                 Votes
                        Votes for the      against the                       Number of
                        resolution as    resolution as                    shares voted       Number of
                         a percentage     a percentage                      at the AGM          shares
                         of the total     of the total                            as a    abstained as
 Resolutions                number of        number of        Number of     percentage    a percentage
 proposed at the         shares voted     shares voted     shares voted   of shares in    of shares in
 AGM                       at the AGM       at the AGM       at the AGM         issue*          issue*
 Ordinary resolution
 number 1:
 Re-election of Mr B
 Stagman as an
 independent non-
 executive director           99.903%           0.097%       39 731 192        54.048%          0.176%
 Ordinary resolution
 number 2:
 Re-election of Mr S
 Blieden as a non-
 executive director           99.903%           0.097%       39 731 192        54.048%          0.176%
 Ordinary resolution
 number 3:
 Re-appointment of
 Mr B Stagman to the
 audit and risk
 committee                    99.903%           0.097%       39 731 192        54.048%          0.176%
 Ordinary resolution
 number 4:
 Re-appointment of
 Mr S Blieden to the
 audit and risk
 committee                    99.903%           0.097%       39 731 192        54.048%          0.176%
 Ordinary resolution
 number 5:
 Appointment of the
 independent
 registered auditor           99.903%           0.097%       39 731 192        54.048%          0.176%
 Ordinary resolution
 number 6:
 Non-binding
 endorsement of the
 Company’s
 remuneration policy          99.900%           0.100%       39 729 692        54.045%          0.178%
 Ordinary resolution
 number 7:
 General authority to
 issue ordinary shares
 for cash                     99.994%           0.006%       39 729 692        54.045%          0.178%
 Ordinary resolution
 number 8:
 Approval and
 adoption of the
 Afdawn Zero-Cost
 Option Plan                  99.900%           0.100%       39 729 692        54.045%          0.178%
 Special resolution
 number 1:
 Approval of the non-
 executive directors’
 fees                         99.903%           0.097%       39 731 192        54.048%          0.176%
 Special resolution
 number 2:
 General approval to
 acquire own shares           99.899%           0.101%       39 731 192        54.048%          0.176%
 Special resolution
 number 3:
 Inter-company
 financial assistance         99.994%           0.006%       39 731 192        54.048%          0.176%
 Special resolution
 number 4:
 Financial assistance
 for the subscription
 and/or purchase of
 shares in the
 Company or a
 related or inter-
 related company              99.997%           0.003%       39 731 192        54.048%          0.176%

Note:
*Total number of shares in issue as at the date of the AGM was 73 511 608.

Johannesburg
2 October 2023

Designated Advisor
PSG Capital

Date: 02-10-2023 08:36:00
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