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Wed 21 Jul 2004, 9:20 DAWN - Further cautionary announcement
DAWN - Further 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`)                                                       
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 9 June 2004, shareholders are      
advised that negotiations are still in progress which, if successfully          
concluded, may have an effect on the price of the Company`s securities.         
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in the Company`s securities until a full announcement is made.          
Johannesburg                                                                    
21 July 2004                                                                    
Corporate adviser                Sponsor                                        
Bishop Corporate Finance (Pty)   Deloitte & Touche Sponsor                      
Ltd                              Services (Pty) Ltd                             
Date: 21/07/2004 09:00:10 AM                    
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