DAW - Distribution and Warehousing Network Limited - Director`s dealings in

DAW - Distribution and Warehousing Network Limited - Director`s dealings in     
securities                                                                      
Distribution and Warehousing Network Limited                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1984/008265/06)                                            
Share code: DAW & ISIN code: ZAE000018834                                       
("DAWN")                                                                        
Director`s dealings in securities                                               
Shareholders are advised, in terms of section 3.63 to 3.69 of the JSE Limited   
Listings Requirements, that the executive directors have exercised awards in    
terms of the DAWN Long Term Incentive Plan ("LTIP") and the Deferred Bonus Plan 
("DBP").                                                                        
              LTIP award1    Value     Date awarded                             
DA Tod         76 160         R380 800  6 December 2006                         
JA Beukes      44 800         R224 000  6 December 2006                         
RD Roos        22 400         R112 000  6 December 2006                         
                LTIP award2  Value     Date awarded                             
DA Tod         50 390         R251 950  29 June 2007                            
JA Beukes      29 640         R148 200  29 June 2007                            
RD Roos        14 820         R74 100   29 June 2007                            
              DBP awards1    Value     Date awarded                             
DA Tod         40 010         R200 050  25 October 2007                         
JA Beukes      17 780         R88 900   25 October 2007                         
RD Roos        3 402          R17 010   25 October 2007                         
              DBP awards2    Value     Date awarded                             
DA Tod         137 980        R689 900  7 November 2008                         
JAI Ferreira   13 300         R66 500   7 November 2008                         
LTIP and DBP issued at R5,00 per share being the 5 days volume                  
weighted average share price preceding vesting date 15 December 2011.           
Approval for the vesting of the awards has been obtained.                       
Awards were traded off market.                                                  
Johannesburg                                                                    
20 December 2011                                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 20/12/2011 17:33:01 Supplied by www.sharenet.co.za                     
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