DAW - Distribution and Warehousing Network - Results Of The Annual General

DAW - Distribution and Warehousing Network - Results Of The Annual General      
                             Meeting And Appointment Of Directors               
Distribution and Warehousing Network Limited                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1984/008265/06)                                            
Share code: DAW & ISIN code: ZAE000018834                                       
("DAWN" or "the Company")                                                       
RESULTS OF THE ANNUAL GENERAL MEETING AND APPOINTMENT OF DIRECTORS              
The annual general meeting of DAWN shareholders was held on Friday, 30          
November 2007. All the ordinary and special resolutions as set out in the       
notice of annual general meeting to shareholders, dated 25 October 2007, were   
approved by the requisite majority of shareholders. Shareholders are therefore  
advised that the capital reduction out of share premium of 25 cents per share   
was approved.                                                                   
The salient dates of the capital reduction out of share premium are as          
follows:                                                                        
                                               2008                             
Last day to trade "cum" capital reduction       Friday, 04 January              
Dawn shares trade "ex" capital reduction        Monday, 7 January               
Record date to be recorded in the register                                      
to participate in the capital reduction         Friday, 11 January              
Distribution to shareholders in respect of the                                  
capital reduction                               Monday, 14 January              
Posting of cheques or electronic bank                                           
transfers in respect of certificated                                            
shareholders on or about                        Monday, 14 January              
Accounts credited at CSDP or broker in                                          
respect of dematerialised shareholders          Monday, 14 January              
No share certificates may be dematerialised or re-materialised between Monday,  
7 January 2008 and Friday, 11 January 2008, both days inclusive. Where          
applicable, payment in terms of certificated shareholders will be transferred   
electronically to the shareholder bank accounts on the payment date. In the     
absence of specific mandates, payment cheques will be posted to certificated    
shareholders at their risk on the payment date. Shareholders who have           
dematerialised their shares will have their share accounts and their Central    
Securities Depository Participant or broker credited on the payment date.       
At the annual general meeting Messrs GL Geldenhuis and JAI Ferreira have been   
appointed as executive directors with immediate effect.                         
Johannesburg                                                                    
30 November 2007                                                                
Sponsor                                                                         
Deloitte and Touche Sponsor Services (Pty) Limited                              
Date: 30/11/2007 14:51:50 Supplied by www.sharenet.co.za                     
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