DAW - Distribution and Warehousing Network Limited - Trading Statement for the

DAW - Distribution and Warehousing Network Limited - Trading Statement for the  
six months ended 31 December 2009                                               
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")                                                       
Trading Statement for the six months ended 31 December 2009                     
In accordance with paragraph 3.4 (b) of the Listings Requirements of the JSE    
Limited, companies are required to publish a trading statement as soon as they  
are reasonably certain that the financial results for the current reporting     
period will be more than 20% different than that of the previous corresponding  
period.                                                                         
Shareholders are advised that the Company`s earnings per share and headline     
earnings per share for the six months ended 31 December 2009 are expected to be 
60% to 70% lower than the reported results for the prior comparative period.    
Although the building market showed some improvement in the last six months,    
supported by continued demand in the building refurbishment and upgrade sector, 
results were significantly impacted by continued delays and non-awarding of     
infrastructure tenders. This affected Dawn specifically on water and sewer-     
related infrastructure projects and continued to negatively impact the          
performance of the business units Incledon and DPI.                             
Whilst no meaningful recovery is expected from building or municipal and civil  
water infrastructure related activities before the year end to June 2010, the   
lower interest rate environment and some easing of the credit markets could     
contribute to an improvement in consumer confidence and the general trading     
environment.                                                                    
The financial information on which this trading statement is based has not been 
reviewed by the Company`s auditors. The Company`s results will be released on or
about 10 March 2010.                                                            
Johannesburg                                                                    
22 February 2010                                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 22/02/2010 16:50:06 Supplied by www.sharenet.co.za                     
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