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Thu 30 Oct 2003, 17:21 CAUTIONARY ANNOUNCEMENT
DISTRIBUTION AND WAREHOUSING NETWORK LIMITED - 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 further announcement is made.                      
Johannesburg                                                                    
31 October 2003                                                                 
Corporate adviser:                                                              
Bishop Corporate Finance                                                        
Sponsor:                                                                        
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Registration number 1996/000034/07)                                            
Date: 30/10/2003 05:05:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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