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Fri 31 Aug 2001, 0:00 Dawn - Cautionary Announcement
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")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that DAWN has entered into negotiations, which if
successfully concluded, may have an effect on the price of the company's
securities. Accordingly, shareholders are advised to exercise caution when
dealing in the company's securities until a full announcement is made.
  Johannesburg
  31 August 2001
Corporate adviser
  Argil Corporate Finance (Pty) Ltd
  (Registration number 2000/012695/07)
Sponsor
  Deloitte & Touche Sponsor Services (Pty) Ltd
  (Incorporated in the Republic of South Africa)
  (Registration number 1996/000034/07)
Legal adviser
  Hofmeyr Herbstein Gihwala Cluver & Walker Inc.
  (Registration number 1997/001523/21)
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