African Dawn Capital (JSE:ADW) News - Changes To The Board And Board Committees AFRICAN DAWN CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/020520/06) Share code: ADW ISIN Code: ZAE000223194 (“African Dawn” or “the Company”) CHANGES TO THE BOARD AND BOARD COMMITTEES In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise shareholders that Mr Selwyn Blieden has been appointed as a non-executive director of the Company as well as a member of both the audit and risk and remuneration committees of the Company with effect from 1 December 2020. Shareholders are further advised that Mr Brett Stagman has been appointed as the chairperson of the remuneration committee of the Company with effect from 1 December 2020. Mr Blieden is a CFA charterholder and holds a PHD (Mathematics) from the University of Cambridge as well as a Bachelor of Arts degree (Economics and Mathematics) from the University of the Witwatersrand. He is also a former Research Fellow and member of the Faculty of Mathematics at the University of Cambridge. He currently serves as a Partner and co-Head of Caleo Private Equity (“Caleo”), an investment management and advisory firm that provides growth capital to start-ups and operating companies in South Africa and offshore. Prior to joining Caleo, Mr Blieden served as Principal at Absa (formerly known as Barclays Africa) and led Barclays Africa’s commercial property finance business in Africa (ex-South Africa). The Board welcomes Mr Blieden and looks forward to his contribution to the Company. Johannesburg 30 November 2020 Designated Advisor PSG Capital Date: 30-11-2020 02:00:00 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.