DAW - DAWN - Trading Statement and cautionary announcement

DAW - DAWN - Trading Statement and 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 Group" or "the Company")                                        
Trading Statement and cautionary announcement                                   
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.                                                           
Dawn shareholders are advised that, for the year ended 30th June 2010, the      
Group expects:                                                                  
 -    Headline earnings per share ("HEPS") to be between 35%-45% lower (53      
cents per share to 45 cents per share); and                                 
-    Earnings per share ("EPS") to be between 10%-20% lower (57 cents per       
share to 51 cents per share)                                                    
than the HEPS of 81,7 cents per share and the EPS of 63,9 cents per share       
published for the previous corresponding period. The R300m rights issue         
(42,67 million shares), effective 15 December 2009, has increased the           
average weighted number of shares on which the above calculations are based.    
A sound performance from most of the Group`s businesses was masked by the       
disappointing performance of the businesses focused on infrastructure-          
related spend, particularly DPI Plastics, Incledon Engineering and Sangio       
Pipes.                                                                          
The financial information on which this trading statement is based has not      
been reviewed or reported on by Dawn`s auditors. The Group`s results will be    
released on SENS on or about 13 September 2010.                                 
CAUTIONARY ANNOUNCEMENT                                                         
Dawn also wishes to inform shareholders that it has entered into                
negotiations which, if successfully concluded, may have a material effect on    
the price of its shares.                                                        
Accordingly, shareholders are advised to exercise caution when dealing in       
the Company`s securities until a full announcement is made.                     
Johannesburg                                                                    
6 September 2010                                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Proprietary) Limited                        
Date: 06/09/2010 09:29:30 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.