DISTRIB. AND WAREHOUSING NETWORK LD - Directors dealing in securities - incentive scheme awards

Directors dealing in securities - incentive scheme awards

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

Director's dealings in securities     –   incentive   scheme
awards

Shareholders are advised, in terms of paragraph 3.63 of
the JSE Limited Listings Requirements (“Listings
Requirements”), that the following directors have been
allocated awards in terms of the DAWN Long Term Incentive
Plan ("LTIP") and the DAWN Deferred Bonus Plan (“DBP”) on
8 December 2014 as follows:

                   LTIP awards   DBP awards   Total value

DA Tod               679   854      169 163   R5,875,198
GD Kotzee            400   000           -    R2,768,000
JA Beukes            398   770       62 838   R3,194,327
JAI Ferreira         312   331       59 291   R2,571,624
RD Roos              280   068       24 324   R2,106,393

These awards are all direct beneficial and were made off-
market at the 5 days volume weighted average price of
R6,92 per share. Vesting date is 30 June 2017 for the
LTIP awards and 31 October 2017 for the DBP awards.

In terms of the Listings Requirements paragraph 3.66,
approval for the issuing of the awards has been obtained.

Johannesburg
10 December 2014
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited

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