DAW - DAWN - Directors` dealings in securities

DAW - DAWN - Directors` dealings in securities                                  
Distribution and Warehousing Network Limited                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1984/008265/06)                                            
Share code: DAW   ISIN code: ZAE000018834                                       
("DAWN")                                                                        
Directors` dealings in securities                                               
In compliance with rule 3.63 to 3.74 of the JSE Limited`s Listings Requirements,
the following should be noted:                                                  
Name of director:             DA Tod                                            
Date of transactions:         14 December 2006                                  
Nature of transaction:        Sold                                              
Price:                        1215 cents                                        
Number of shares:             1 000 000                                         
Class of security:            Ordinary shares                                   
Nature of interest:           Indirect, Non-beneficial                          
Chairman`s approval:          Yes                                               
18 December 2006                                                                
Date: 18/12/2006 17:15:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.