The board of directors of African Dawn Capital Limited advised shareholders that Mr. David Danker ("Mr. Danker") has resigned as the chief executive officer of the Company, with effect from 28 February 2023. While pursuing other personal interests, Mr. Danker will continue to provide guidance and input to the management teams in the Group, which will ensure a smooth and effective management transition. Mr. James Slabbert, the executive chairman of the Company, will replace Mr. Danker as the interim chief executive officer, with effect from 1 March 2023, given his extensive knowledge of, and involvement in, the Group's business operations.

The Board has commenced the process of identifying a suitable permanent replacement for Mr. Danker, and shareholders will be advised on the filling of the vacancy in due course.