Change to the board - resignation of independent non-executive director Distribution and Warehousing Network Limited (Incorporated in the Republic of South Africa) (Registration number 1984/008265/06) Share code: DAW & ISIN code: ZAE000018834 (“DAWN”) CHANGE TO THE BOARD - RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR In compliance with paragraph 3.59 of the Listings requirements of the JSE Limited, the board of directors of DAWN (“the Board”) wishes to advise that Mr Saleh Mayet, an independent non- executive director, chairman of the audit and risk committee and member of the nomination and remuneration committees, has regretfully tendered his resignation with effect from 20 February 2017. Mr Mayet’s current position as Head of Finance at Anglo American South Africa Limited has rendered it difficult for him to dedicate the time required to execute his board and sub-committee responsibilities at DAWN. The Board has commenced the process to appoint a new independent non-executive director and shareholders will be advised once an appointment has been made. The Chairman and Board would like to express sincere gratitude to Mr Mayet for his input and valuable contribution over the period of his tenure. 22 February 2017 Johannesburg Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 22/02/2017 02:14:00 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.