DAWN - Press Release

DAWN - Press Release                                                            
Distribution and Warehousing Network Limited                                    
(Incorporated in the Republic of South Africa)                                  
Registration number 1984/008265/06                                              
Share Code: DAW & ISIN code: ZAE000018834                                       
* Revenue from ongoing operations up 32,9% to R1,341 billion                    
* Operating profit up 116,9% to R137,2 million                                  
* Attributable earnings up 87,1% to R84,2 million                               
* Headline earnings per share up 72,8% to 52,05 cents                           
* Operating margin up to 10,1% from 6,0%                                        
* Free cash flow generated of R73,0 million                                     
"We are pleased with the Group"s strong performance over the reported period.   
Our strategic initiatives coupled with a solid empowerment profile are producing
excellent results whilst we continue to focus on revenue generation and         
operating efficiencies. Going forward, we are perfectly positioned to benefit   
fully from the favourable climate in the market segments in which the company   
operates."                                                                      
Derek Tod, Chief Executive Officer.                                             
18 August 2005                                                                  
Date: 18/08/2005 01:16:03 PM Supplied by www.sharenet.co.za                     
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