DISTRIBUTION AND WAREHOUSING NETWORK LIMITED - Trading statement

Trading statement

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”)

TRADING STATEMENT

In compliance with section 3.4 (b) of the Listings Requirements of the JSE Limited, a listed company
is required to publish a trading statement as soon as it becomes reasonably certain that the financial
results for the period to be reported on next will show a 20% or more difference from the previous
corresponding period.
DAWN shareholders are advised that the Group expects to report for the six months to 30
September 2017 as follows:

             . Headline earnings per share (“HEPS”) - The HEPS loss will reflect an improvement of
between 92% to 90% compared to the HEPS loss reported for the half year ended 30 September
2016. This translates to a HEPS loss of between 11.1 and 13.0 cents compared to the HEPS loss of
136.7 cents for the half year ended 30 September 2016. ?

            . Earnings per share (“EPS”) - The EPS loss will reflect an improvement in the EPS loss
of between 90% and 88% compared to the EPS loss reported for the half year ended 30 September
2016. This translates to an EPS loss of between 16.1 and 18.0 cents compared to the EPS loss of
155.9 cents for the half year ended 30 September 2016.
            
The weighted average number of shares in H1 F2018 is 660 857 953 compared to 236 743 967 in H1
F2017. The increase is attributable to the rights issue in April 2017. The number of shares in issue of
586 743 967 is inflated to 660 857 953 due to the bonus element in the rights issue in terms of IAS
33.

The financial results on which this trading statement has been based have not been reviewed or
audited. The Group's results for the half year to 30 September 2017 will be published on the JSE
SENS on or about 20 November 2017.


Germiston
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd
13 November 2017

Date: 13/11/2017 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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