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

DAW - Distribution and Warehousing Network Limited - Director`s dealings in     
securities - incentive scheme awards                                            
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 - incentive scheme awards                     
Shareholders are advised, in terms of paragraph 3.63 of the JSE Limited         
Listings Requirements ("Listings Requirements"),that the directors, DA Tod,     
JAI Ferreira, RD Roos and JA Beukes have been allocated awards in terms of the  
DAWN Long Term Incentive Plan ("LTIP") on 12 April 2012.                        
                  LTIP award                                                    
DA Tod                1 250 000 (direct beneficial)                             
JAI Ferreira           750 000 (direct beneficial)                              
RD Roos                500 000 (direct beneficial)                              
JA Beukes              500 000 (direct beneficial)                              
These awards were made off-market at the 5 days volume weighted average price   
of R6,73 per share.                                                             
In terms of the Listings Requirements paragraph 3.66, approval for the issuing  
of the awards has been obtained.                                                
Johannesburg                                                                    
13 April 2012                                                                   
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 13/04/2012 10:26:10 Supplied by www.sharenet.co.za                     
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