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Fri 24 Mar 2006, 9:03 African Dawn - Trading Statement
ADW
 ADW                                                                             
African Dawn - Trading Statement                                                
African Dawn Capital Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/020520/06)                                            
JSE Share code: ADW & ISIN: ZAE000060703                                        
("African Dawn")                                                                
TRADING STATEMENT                                                               
In terms of the Listings Requirements of JSE Limited, companies are required to 
publish a trading statement as soon as they become reasonably certain that the  
financial results for the period to be reported on will differ by at least 20%  
or more from those of the previous corresponding period.                        
Shareholders are advised that African Dawn is currently finalising its results  
for the year ended 28 February 2006 and are advised that African Dawn"s earnings
and headline earnings per share for the year ended 28 February 2006 is expected 
to increase by between 110% and 125% over that of the previous corresponding    
period.  This financial information on which this trading statement is based has
not been reviewed or reported on by African Dawn"s auditors.                    
The results for the year ended 28 February 2006 are expected to be published on 
SENS in the beginning of April 2006.                                            
24 March 2006                                                                   
Johannesburg                                                                    
Designated Advisor                                                              
Exchange Sponsors                                                               
Warning: The listing of ordinary shares in the company is on ALTx.  Investors   
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a       
company listed on ALTx.  In terms of the Listings Requirements, the company is  
obliged to appoint and retain a Designated Adviser, which is required to, inter 
alia, attend all board meetings held by the company to ensure that all the      
Listings Requirements and applicable regulations are complied with, approve the 
Financial Director of the company and guide the company in a competent,         
professional and impartial manner.  If the company fails to retain a Designated 
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its     
securities.  If a Designated Adviser is not appointed within 30 days of its     
suspension, the company faces the termination of its listing without the        
prospect of an appropriate offer.                                               
Date: 24/03/2006 09:03:04 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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