Update announcement of 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”) UPDATE ANNOUNCEMENT OF THE PROPOSED SALE BY DAWN OF ITS 49% INTEREST IN GROHE DAWN WATERTECH HOLDINGS PROPRIETARY LIMITED (“GDW”) Shareholders are referred to the terms announcements dated 14 September 2017 where they were advised that DAWN concluded of a share purchase agreement (“Share Purchase Agreement”) and ancillary transaction agreements on Thursday, 14 September 2017, with LIXIL Corporation (“LIXIL”), the 51% controlling shareholder of GDW. 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 (collectively “the Transaction”), pursuant to which DAWN will receive an aggregate consideration of R324.5 million. Shareholders are advised that the JSE Limited has granted the Company an extension of the 60 day rule pursuant to paragraph 9.20(b) of the JSE Listings Requirements to dispatch the circular regarding the Transaction to shareholders. The extension has been granted until 30 November 2017. The delay is due to the finalisation of the GDW 2017 Annual Financial Statements to be included in the circular. Germiston 13 November 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: 13/11/2017 05:00:00 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.