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DAW - Dawn - Capitalisation Award With A Cash Dividend Alternative 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") CAPITALISATION AWARD WITH A CASH DIVIDEND ALTERNATIVE Shareholders are referred to the announcement released on SENS on Wednesday, 17 December 2008 and in the press on Thursday, 18 December 2008, wherein notice was given that a capitalisation award of new fully paid ordinary shares will be distributed to shareholders who elected the capitalisation award, recorded in the register of the Company at the close of business on Friday, 3 April 2009 and that the last day to trade to be entitled to participate in the capitalisation award will be Friday, 27 March 2009. Notice is hereby given that the number of shares to which shareholders will be entitled will be determined as follows: * in the ratio that 35 cents per share bears to R6.84 per share, being the 30 day volume weighted average price ("VWAP") at the close of business on Thursday, 19 March 2009. This equates to 5.11696 new Dawn ordinary shares for every 100 shares held. Shareholders wishing to participate in the cash dividend in respect of all or part of their shareholding must elect to do so. Shareholders not electing to receive the cash dividend of 35 cents per share will receive capitalisation award. Subject to the approval of the JSE Limited, a listing of the maximum number of shares to be issued pursuant to the capitalisation award will take place on Monday, 30 March 2009, on which date the shares will trade "ex" the entitlement. Shares may not be dematerialised or rematerialised between Monday, 30 March 2009 and Friday, 3 April 2009, both days inclusive. A circular (including a form of election) dealing with the capitalisation award was posted to shareholders on Friday, 13 March 2009. Shareholders who have dematerialised their shares are required to notify their duly appointed CSDP or broker of their election in the manner and time stipulated in the custody agreement governing the relationship between the shareholder and their CSDP or broker. Certificated shares or cheques will be posted by registered post to certificated shareholders at their risk on or about Monday, 6 April 2009. In respect of dematerialised shareholders, safe custody accounts with the CSDP or broker will be updated with the entitlement in respect of the new ordinary shares and /or payments will be credited to their CSDP or broker accounts on or about Monday, 6 April 2009. A further announcement will be published on SENS and in the press on or about Monday, 6 April 2009, detailing the results of the capitalisation award and cash dividend alternative. Johannesburg 20 March 2009 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 20/03/2009 15:20:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
