DAW - Dawn - Renewal of Cautionary Announcement

DAW - Dawn - Renewal of 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" or "the company")                                                       
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Shareholders were advised in a cautionary announcement, included in the audited 
preliminary results released on SENS on 8 September 2009, that the Company was  
negotiating the issue of a convertible debt instrument and that shareholders    
would be advised of the detail thereof in due course.                           
Subsequent to the publication of above cautionary announcement, numerous Dawn   
shareholders notified the company that they would wish to participate in a      
capital raising programme initiated by the company.                             
Consequently Dawn has withdrawn from pursuing the convertible bond transaction  
and will be launching a rights offer to its shareholders. The rights offer will 
be renounceable and fully underwritten. In addition, the rights offer is to be  
underwritten at an offer price per share which is less dilutive to those        
shareholders who do not wish to follow their rights than would have been the    
case in terms of the convertible bond transaction.                              
Shareholders are advised that these new developments may have a material effect 
on the price of the company`s shares and accordingly are advised to continue    
exercising caution when dealing in the company`s shares until a full            
announcement is made.                                                           
Johannesburg                                                                    
21 October 2009                                                                 
Corporate adviser                                                               
Bishop Corporate Finance (Pty) Ltd                                              
(Registration number 2000/012695/07)                                            
Transaction Sponsor                                                             
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration number 1970/003711/07)                                            
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Registration number 1996/000034/07)                                            
Date: 21/10/2009 16:00:01 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.