DISTRIBUTION AND WAREHOUSING NETWORK LIMITED - Allocation of conditional share awards in accordance with the DAWN Limited Long Term Incentive Plan

Allocation of conditional share awards in accordance with the DAWN Limited Long Term Incentive Plan

Distribution and Warehousing Network Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)
Share code: DAW & ISIN code: ZAE000018834
("Dawn")

ALLOCATION OF CONDITIONAL SHARE AWARDS IN ACCORDANCE WITH THE DAWN
LIMITED LONG TERM INCENTIVE PLAN (“LTIP”)

In accordance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements,
shareholders are advised that the following director of Dawn was awarded and accepted
conditional share awards (“share awards”) for ordinary shares in terms of the Dawn LTIP, the
salient details of which are set out below:

 Name of director                          Chris Booyens
 Date of acceptance                        22 August 2017
 Number of share awards                    2 021 315
 Class of security                         Share awards until vested as ordinary
                                           shares
 Grant price per share award               R0.907
 Total value of share award                R1 833 333
 Vesting period                            30 June 2019
 Nature of transaction                     Off-market award and acceptance of
                                           share awards to director, which are
                                           subject to performance conditions in
                                           accordance with the Dawn LTIP
 Nature of interest                        Direct beneficial
 Clearance                                 Yes

22 August 2017
Johannesburg

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Registration number 1996/000034/07)

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