DISTRIBUTION AND WAREHOUSING NETWORK LIMITED - NOTICE OF GENERAL MEETING AND FURTHER CAUTIONARY ANNOUNCEMENT Distribution and Warehousing Network Limited (Incorporated in the Republic of South Africa) (Registration number 1984/008265/06) Share code: DAW, ISIN code: ZAE000018834 ("DAWN") NOTICE OF GENERAL MEETING AND FURTHER CAUTIONARY ANNOUNCEMENT The board of directors of DAWN hereby wish to inform shareholders that a general meeting of shareholders will be held at 10:00 on Monday, 1 December 2003 ("the general meeting") at the registered offices of DAWN with the purpose of considering and, if deemed fit, to approve with or without modification the revocation of special resolution 2 as was proposed at the annual general meeting of DAWN held on 30 June 1998, which special resolution had the effect of reducing the share premium account of DAWN by R49 174 498 and special resolution 2 as was proposed at a general meeting of DAWN held on 24 June 1999, which special resolution had the effect of reducing the share premium account of DAWN by R95 684 207("the former special resolutions"). The revocation of the former special resolutions will have the effect of reinstating an amount in aggregate of R144 858 705 to the share premium account of DAWN. A circular containing full detail of the revocation of the former special resolutions and a notice of the general meeting will be posted to shareholders today. The important times and dates are as follows: 2003
Last day for receipt of forms of proxy in respect of the general meeting of DAWN Friday, 28 November shareholders by no later than 10:00 on General meeting of DAWN shareholders to be Monday, 1 December held at 10:00 on Results announcement of general meeting Monday, 1 December published on SENS on Results announcement of general meeting Tuesday, 2 December published in the press on Shareholders are further referred to the cautionary announcement published in the press on 31 October 2003. The negotiations referred to therein are still ongoing and shareholders are requested to continue to exercise caution when dealing in the securities of DAWN. Johannesburg 7 November 2003 Corporate adviser Sponsor Legal adviser Bishop Corporate Finance Deloitte & Touche Sponsor Services Cliffe Dekker Inc Date: 07/11/2003 07:15:02 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department