Results of General Meeting 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”) RESULTS OF GENERAL MEETING Shareholders are referred to a notice of general meeting announcement dated 18 August 2014 in relation to a category 1 acquisition of a 51% indirect interest in the building manufacturing companies of DAWN (“the Watertech Companies”) by Grohe Luxembourg Four S.A. (“Grohe”), together with a call option in favour of Grohe to acquire an additional 24.1% indirect shareholding in the Watertech Companies from DAWN after a 10 year period, and if such option is exercised by Grohe, or if Grohe's indirect shareholding has otherwise increased to 75.1%, the option for DAWN to sell its remaining 24.9% indirect interest in the Watertech Companies to Grohe. The general meeting of DAWN shareholders was held today Monday, 15 September 2014. The special resolution and the ordinary resolution, as set out in the notice of general meeting to shareholders, dated 18 August 2014, were unanimously approved by shareholders present or represented and voting at the meeting. Shareholders will be notified when all conditions precedent have been met. 15 September 2014 Johannesburg Corporate Advisor Legal Advisor to Independent Expert Ongoing Sponsor to and Transaction DAWN DAWN Sponsor BDO PricewaterhouseCoopers Webber Wentzel Deloitte & Touche Corporate Finance (Pty) Sponsor Services Ltd Proprietary Limited Legal Advisor to Grohe Legal Advisor to Financial Advisor to Independent Reporting Grohe Grohe Accountants and Clifford Chance Acxit Capital Auditors to DAWN ENSafrica Management PricewaterhouseCoopers Inc. Date: 15/09/2014 04:33:00 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.