Further announcement on the proposed sale by DAWN of its 49% interest in Grohe Dawn Watertech Holdings Proprietary 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” or “the Group”) FURTHER ANNOUNCEMENT ON THE PROPOSED SALE BY DAWN OF ITS 49% INTEREST IN GROHE DAWN WATERTECH HOLDINGS PROPRIETARY LIMITED (“GDW”) Introduction DAWN shareholders (“Shareholders”) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on Thursday, 14 September 2017, wherein it advised that DAWN had concluded a share purchase agreement and ancillary transaction agreements with LIXIL Corporation, the 51% controlling shareholder of GDW (the “Transaction”). Under the terms of the share purchase agreement, LIXIL will acquire the remaining 49% of the issued ordinary shares in GDW held by DAWN and GDW will repay DAWN’s shareholder loan claim against GDW, pursuant to which DAWN will receive an aggregate consideration of R324.5 million. The Transaction is a category 1 transaction in accordance with the Listings Requirements of the JSE Limited, therefore a general meeting of Shareholders will be convened to propose the requisite resolutions to implement the Transaction (“General Meeting”). Support for the Transaction The Company is pleased to announce that it has procured written undertakings from five Shareholders holding 72.5% of the total DAWN shares in issue to vote the shares held by them, as of the General Meeting record date, in favour of the Transaction. It is therefore anticipated that the resolutions necessary to implement the Transaction will be passed at the General Meeting. Further details in respect of these written undertakings will be included in the circular to Shareholders containing the full details of the Transaction, and incorporating a notice convening the General Meeting, which will be posted to Shareholders in due course. Germiston 18 September 2017 Financial advisor and transaction sponsor Investec Bank Limited Legal advisors to DAWN Edward Nathan Sonnenbergs Incorporated Werksmans Attorneys Legal Advisors to LIXIL Bowman Gilfillan Incorporated Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 18/09/2017 09:19:00 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.