Announcement: Resignation of Mr Gerhard Kotzee 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”) ANNOUNCEMENT: RESIGNATION OF MR GERHARD KOTZEE The board of directors of Dawn (“the Board”) hereby notifies its shareholders that Mr Gerhard Kotzee, head of the Group’s Africa operations and Infrastructure manufacturing segment, has resigned from his position as Executive Director of Dawn, effective 29 February 2016. Mr Kotzee has decided to pursue his own interests in coaching and mentoring, focusing on broad- based black economic empowerment development. The Board wishes to thank him for his eight years of service to the Group and wishes him well in his new endeavour. Mr Kotzee will be leaving the businesses under his responsibility on a stronger platform following significantly improved results reported for the current financial period. He will maintain an ongoing relationship with the Group to finalise a number of initiatives and to ensure a smooth handover to his replacement. The Group will announce Mr Kotzee’s replacement when it publishes its results for the full year ended 31 March 2016. 2 February 2016 Johannesburg Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 02/02/2016 04:24:00 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.