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AFRICAN DAWN ANNUAL REPORT 2020

Notice of Annual General Meeting of Shareholders

African Dawn Capital Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/020520/06)
Share code: ADW
ISIN: ZAE000223194

Notice is hereby given of the annual general meeting of shareholders of African Dawn Capital Limited (“the Company or “Afdawn”) to be held at
the offices of Elite Group, Horizon Shopping Centre, 3rd Floor, Corner Sonop and Ontdekkers Roads, Horizon View, Roodepoort on Wednesday,
4 November 2020 at 10h00 (“the Annual General Meeting”).

If you are in any doubt as to what action you should take in respect of the following resolutions, please consult your central securities depository
participant (“CSDP”), broker, banker, attorney, accountant or other professional adviser immediately.
The date on which shareholders must be recorded as such in the share register maintained by the transfer secretary of the Company for purposes
of being entitled to receive this notice is Friday, 25 September 2020. Furthermore, the date on which shareholders must be recorded in the
securities register for purposes of being entitled to attend and vote at the Annual General Meeting is Friday, 30 October 2020, with the last day to
trade being Tuesday, 27 October 2020.

Purpose

The purpose of the Annual General Meeting is to transact the business set out in the agenda below.

Agenda
• Presentation of the audited annual financial statements of the Company, including the reports of the directors and the audit and risk
committee for the year ended 29 February 2020. The annual report, of which this notice forms part, contains the summarised group financial
statements and the aforementioned reports. The annual financial statements, including the unmodified audit opinion, are available on the
Company’s website at www.afdawn.co.za, and electronic copies may be requested and obtained, at no charge, from the company secretary
at Amber@statucor.co.za.
1. ORDINARY RESOLUTIONS

• To consider and, if deemed fit, approve, with or without modification, the following ordinary resolutions:

Note:
For any of the ordinary resolutions numbers 1 to 8 to be adopted, more than 50% of the voting rights exercised on each such ordinary resolution must
be exercised in favour thereof. For ordinary resolution number 9 to be adopted, at least 75% of the voting rights exercised on such ordinary resolution
must be exercised in favour thereof.

1.1 ORDINARY RESOLUTION NUMBER 1 – CONFIRMATION OF APPOINTMENT OF MR B STAGMAN AS AN INDEPENDENT NON-
EXECUTIVE DIRECTOR

“Resolved that Mr Brett Stagman’s appointment as an independent non-executive director of the Company, in terms of the memorandum of
incorporation of the Company, be and is hereby confirmed.”

Summary curriculum vitae of Mr Brett Stagman (“Brett”):
Brett holds a BCom (Hons) degree from the University of South Africa and is a Chartered Accountant (SA). Brett currently serves as the Chief
Executive Officer of BluChip Retail Solutions (Proprietary) Limited.

Prior to the current position, Brett assumed the roles of Chief Financial Officer for Loreal’s manufacturing division in South Africa as well as Group
Chief Financial Officer for Africa Prepaid Services (Proprietary) Limited.

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