DISTRIB. AND WAREHOUSING NETWORK LD - Renewal of Cautionary

Renewal of Cautionary

Distribution and Warehousing Network Limited                 Ukhamba Holdings Proprietary Limited
(Incorporated in the Republic of South Africa)        (Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)                         (Registration number 1998/017702/07)
Share code: DAW ISIN code: ZAE000018834                                                (“Ukhamba”)
(”DAWN” or the “Company”)

RENEWAL OF CAUTIONARY

Shareholders are referred to the announcement released on the JSE Stock Exchange News Services
(“SENS”) on 15 December 2014, whereby shareholders were advised that Ukhamba will dispose of its
32.25% shareholding in the ordinary shares of DAWN.

Shareholders are advised to exercise caution in the trading of their securities in Dawn until such time
as the Company provides the financial effects of the repurchase.

Johannesburg

30 January 2015



Corporate Advisor and Transaction Sponsor
PricewaterhouseCoopers Corporate Finance Proprietary Limited


Legal Advisor
Webber Wentzel

Independent Expert
BDO Corporate Finance Proprietary Limited

Legal Advisor to Ukhamba
Tugendhaft Wapnick Banchetti & Partners

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