Allocation and acceptance of long term incentive plan shares by directors and directors of major subsidiaries Distribution and Warehousing Network Limited (Incorporated in the Republic of South Africa) (Registration number 1984/008265/06) Share code: DAW & ISIN code: ZAE000018834 (“Dawn”) ALLOCATION AND ACCEPTANCE OF LONG TERM INCENTIVE PLAN SHARES BY EXECUTIVE DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed in respect of off-market transactions in securities: Name of director: RD Roos Date of acceptance: 6 September 2016 Nature of transaction: Acceptance of Long Term Incentive Plan Share award Number of shares: 973 548 Vesting date: 30 June 2019 Allocated Price: R 2.31 Total value: R 2 248 895.88 Nature of interest: Direct Beneficial Clearance obtained: Yes Name of director: H Bester Date of acceptance: 6 September 2016 Nature of transaction: Acceptance of Long Term Incentive Plan Share award Number of shares: 116 939 Vesting date: 30 June 2019 Allocated Price: R 2.31 Total value: R 270 129.09 Nature of interest: Direct Beneficial Clearance obtained: Yes Name of director: LG Baeta Date of acceptance: 6 September 2016 Nature of transaction: Acceptance of Long Term Incentive Plan Share award Number of shares: 975 768 Vesting date: 30 June 2019 Allocated Price: R 2.31 Total value: R 2 254 024.08 Nature of interest: Direct Beneficial Clearance obtained: Yes Relationship: Wholesale Housing Supplies Proprietary Limited Director (Major subsidiary) Name of director: BW Maroleni Date of acceptance: 6 September 2016 Nature of transaction: Acceptance of Long Term Incentive Plan Share award Number of shares: 87 227 Vesting date: 30 June 2019 Allocated Price: R 2.31 Total value: R 201 494.37 Nature of interest: Direct Beneficial Clearance obtained: Yes Relationship: Wholesale Housing Supplies Proprietary Limited Director (Major subsidiary) Name of director: SJ Connelly Date of acceptance: 6 September 2016 Acceptance of cash settled incentive, subject to the Long Term Incentive Plan Nature of transaction: vesting criteria Number of shares: 2 175 834 Vesting date: 30 June 2019 Allocated Price: R 2.31 Total value: R 5 026 176.54 Nature of interest: Direct Beneficial Clearance obtained: Yes 9 September 2016 Johannesburg Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 09/09/2016 03:57:00 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.