Results of general meeting Distribution and Warehousing Network Limited (Incorporated in the Republic of South Africa) (Registration number 1984/008265/06) Share code: DAW & ISIN code: ZAE000018834 ("DAWN") RESULTS OF GENERAL MEETING Shareholders are advised that, at the general meeting (“GM”) of DAWN held today as set out in the notice of the GM dated 20 November 2017, regarding the disposal by DAWN of its Grohe Dawn Watertech Holdings Proprietary Limited (“GDW”) shares which constitute 49% of the entire issued share capital of GDW (“the transaction”), were voted on and passed by requisite majority of shareholders at the GM as follows: % Number Total number of shares in issue that could be voted at the GM 100 600 372 480 Total number of shares present/represented at the GM including proxies 75 452 212 560 Votes in Votes Shares voted Abstentions % % % ^ favour against Ordinary Resolution Number 1: Approval of the transaction in 451 144 394 100 0 0 451 144 394 1 068 166 0.18 terms of the JSE Listings Requirements Ordinary Resolution Number 2: Authorising the directors to implement ordinary resolution 451 144 394 100 0 0 451 144 394 1 068 166 0.18 number one and anything already done ^ abstentions as percentage of total shares in issue that could vote Shareholder approval was the final suspensive condition requiring fulfilment for the transaction. The proceeds of the transaction will be used to settle the group’s debt and place the group in a favourable position to continue the implementation of its turnaround programme. Johannesburg 19 December 2017 Financial Advisor and Transaction Sponsor Investec Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 19/12/2017 12:20:00 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.