DISTRIBUTION AND WAREHOUSING NETWORK LIMITED - Allocation and acceptance of conditional share awards in accordance with the Dawn Limited Long Term Incentive Plan

Allocation and acceptance of conditional share awards in accordance with the Dawn Limited Long Term Incentive Plan

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 CONDITIONAL SHARE AWARDS IN ACCORDANCE WITH THE DAWN
LIMITED LONG TERM INCENTIVE PLAN (“LTIP”) AND CANCELLATION OF THE PREVIOUS SHARE AWARD
AND WITHDRAWAL OF ANNOUNCEMENT


In accordance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, shareholders are advised
that the following directors of Dawn were awarded and accepted conditional share awards (“share awards”) for
ordinary shares in terms of the Dawn LTIP, the salient details of which are set out below:

Name of director : Chris Booyens
Date of acceptance : 26 September 2017
Number of share awards : 1 626 160
Class of security : Share awards until vested as ordinary shares
Grant price per share award : R1.1274
Total value of share award : R1 833 333
Vesting period : 30 June 2019
Nature of transaction : Off-market award and acceptance of share awards to director, which are subject to
performance conditions in accordance with the Dawn LTIP
Nature of interest : Direct beneficial
Clearance : Yes

Name of director : Edwin Hewitt
Date of acceptance : 26 September 2017
Number of share awards : 4 080 184
Class of security : Share awards until vested as ordinary shares
Grant price per share award : R1.1274
Total value of share award : R4 600 000
Vesting period : 30 June 2019
Nature of transaction : Off-market award and acceptance of share awards to director, which are subject to
performance conditions in accordance with the Dawn LTIP
Nature of interest : Direct beneficial
Clearance : Yes

CANCELLATION OF THE PREVIOUS SHARE AWARD AND WITHDRAWAL OF ANNOUNCEMENT

Shareholders are referred to the announcement published on SENS on 25 April 2017 regarding the allocation of a
share award to Mr. E Hewitt, and are hereby advised that the award could not validly be made at that stage due to
year end closed period. As a result, the award is cancelled and the announcement is withdrawn.

27 September 2017
Germiston

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Registration number 1996/000034/07)

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