Dealing in securities by an associate of a 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” or “the Company”) DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed in respect of dealing in DAWN ordinary shares (“securities”) by an associate of a DAWN non-executive director: Director : Mr Theunis de Bruyn Director’s associate : Calibre Investment Holdings Pty Ltd (in which Theunis is a director and a beneficial shareholder) Date of transaction : 14 December 2017 Number of securities : 152 124 Nature of transaction : On-market acquisition of securities Share price : 86.00 cents Total value of transaction : R130 826.64 Nature of interest : Indirect, Beneficial Clearance obtained : Yes Director : Mr Theunis de Bruyn Director’s associate : Calibre Investment Holdings Pty Ltd (in which Theunis is a director and a beneficial shareholder) Date of transaction : 15 December 2017 Number of securities : 350 824 Nature of transaction : On-market acquisition of securities Share price : 86.00 cents Total value of transaction : R301 708.64 Nature of interest : Indirect, Beneficial Clearance obtained : Yes 18 December 2017 Germiston Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 18/12/2017 04:34:00 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.