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

FURTHER EXTENSION OF DEADLINE TO RELEASE FINANCIAL RESULTS

AND CANCELLATION OF ZAR X LISTING

Financial Results

Reference is made to the previous communiques released by the Company wherein the Board of directors of Dale ("Board") apprised the market that Dale obtained formal approval from the Stock Exchange of Mauritius Ltd ("SEM") to delay the publications of its results until 28 February 2023. Owing to certain administrative issues, the Company will not be in a position to file and publish its outstanding financial statements within the extended deadline.

Accordingly, further to an application made to the SEM, the Board wishes to inform its shareholders and the general public that the Company has obtained additional approval from the SEM to further delay the publication of the following abridged results until Friday, 30 June 2023:

• audited consolidated financial statements for the year ended 30 June 2022;
• unaudited consolidated financial statements for the three months ended 30 September 2022;
• unaudited consolidated financial statements for the three months and six months ended 31 December 2022; and
• unaudited consolidated financial statements for the three months and nine months ended 31 March 2023.

ZAR X Listing

On 13 February 2023, the the Financial Sector Conduct Authority ("FSCA"), with the concurrence of the Prudential Authority and the South African Reserve Bank, has cancelled ZAR X's exchange licence in terms of section 60(1) of the Financial Markets Act, 2012 (Act no. 19 of 2012) (FMA) with immediate effect.

The cancellation of ZAR X's licence follows its prolonged non-compliance with section 8(1)(a) of the Financial Markets Act, 2012 (Act No. 19 of 2012) (FMA), read with Regulation 8 and 43(2) of the FMA Regulations, 2018, which relate to the liquidity and capital adequacy requirements of an exchange.

Due to the above, ZAR X was, inter alia, requested to:

• Cease all business of an exchange. No further trading of securities listed on the exchange is permitted and no new listings may be admitted; and
• Take the necessary steps, in consultation with all stakeholders to facilitate the delisting of all listed securities on the exchange, where applicable. The processes to delist the securities must be finalised within 14 days.

The Company will continue to remain listed on SEM and will provide guidance in due course to shareholders that are on the South African share register.

Dale Capital has a primary listing on the Official Market of the SEM.

By Order of the Board

28 February 2023

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