Dale Capital : Communique

DALE CAPITAL GROUP LIMITED ("Dale" or the "Company")

(Incorporated by way of continuation in the British Virgin Islands)

(Registration number: B.V.I No: 1443428)

SEM Code: DCPL.N0000 ZAR X share code: ZXDCG ISIN: MU0227N00002

CHANGE IN FINANCIAL YEAR-END AND EXTENSION OF DEADLINE TO RELEASE FINANCIAL RESULTS

Change in financial year-end

Shareholders of the Company and the general public are referred to the previous announcement released by the Company on the website of the Stock Exchange of Mauritius Ltd ("SEM") on 31 March 2022 whereby the Board of Directors (the "Board") of Dale announced that the Company initiated relevant procedures to change its financial year end from 28 February to 30 June.

The Board now wishes to inform the market that the requisite filings have been made with the relevant authorities in the British Virgin Islands, and that the change in financial year-end is now effective. The next audited financials of the Company will accordingly be for the period from 1 March 2021 to 30 June 2022.

Extension of deadline to release financial results

The Board would like to further apprise its shareholders and the general public that given the foregoing circumstances, the Company is required to file and publish its abridged unaudited consolidated financial statements for the three and twelve months ended 28 February 2022 ("unaudited results") by Tuesday, 31 May 2022.

As previously relayed to the market, the Company is currently restructuring the shareholding of its subsidiaries, which has in turn resulted in significant administrative delays in gathering the requisite information for consolidation purposes, and to finalise the unaudited results.

Consequently, the Company will not be in a position to finalise and publish its unaudited results by Tuesday, 31 May 2022.

As such, and following an application made to the SEM, the Company has obtained formal approval from the SEM for extension of the deadline for publishing its unaudited results until Thursday, 30 June 2022.

Dale Capital has a primary listing on the Official Market of the SEM and a secondary listing on ZAR X.

By Order of the Board

31 May 2022

This announcement is issued pursuant to SEM Listing Rule 15.24, the ZAR X Listing Rules and the Mauritian Securities Act 2005. The Board of the Company accepts full responsibility for the accuracy of the information in this announcement.