DISTELL GROUP LIMITED - Acceptance of SARS by directors and by directors of major subsidiaries

Acceptance of SARS by directors and by directors of major subsidiaries

  DISTELL GROUP LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number: 1988/005808/06)
  ISIN: ZAE000028668
  Share Code: DST
  (“Distell”)

  ACCEPTANCE OF     SARS   BY   DIRECTORS   AND   BY   DIRECTORS   OF    MAJOR
  SUBSIDIARIES

  Executive directors of Distell and directors of Distell Limited
  and South African Distilleries and Wines (SA) Limited (both major
  subsidiaries of Distell) accepted share appreciation rights
  (“SARs”) in respect of Distell ordinary shares at a grant price of
  R165.02 per SAR, which is based on the closing price of Distell
  shares on 04 October 2016.

DIRECTOR            COMPANY         NUMBER OF     DATE OF               NATURE OF
                                    SARS          ACCEPTANCE            INTEREST
RM Rushton          Distell          45 867       06 October 2016       Direct
                                                                        beneficial
L Malan             Distell           2 727       07 October 2016       Direct
(Company                                                                beneficial
Secretary)
W Buhrmann          Distell          20 880       06 October 2016       Direct
                    Limited                                             beneficial
DM Hegland          Distell          40 818       06 October 2016       Direct
                    Limited                                             beneficial
SW Klopper          Distell          20 187       07 October 2016       Direct
                    Limited                                             beneficial
MG Lambrechts       Distell           4 989       06 October 2016       Direct
                    Limited                                             beneficial
SJ Nathan           Distell          14 961       07 October 2016       Direct
                    Limited                                             beneficial
KS Rycroft          Distell          20 562       07 October 2016       Direct
                    Limited                                             beneficial
JP van der Walt     Distell           5 661       06 October 2016       Direct
                    Limited                                             beneficial
LC Verwey           Distell          55 314       06 October 2016       Direct
                    Limited                                             beneficial
JP Steyn            South African     6 624       06 October 2016       Direct
                    Distilleries                                        beneficial
                    and Wines(SA)
                    Limited


  On condition that all performance conditions have been met, the
  SARs may be exercised as follows:

  -   up to one third of the SARs may be exercised on or after the
      third anniversary of the date of grant;
  -   up to two thirds of the SARs may be exercised on or after
      the fourth anniversary of the date of grant, to the extent
      that they have not been exercised previously;
  -   all of the SARs may be exercised on or after the fifth
      anniversary of the date of grant, to the extent that they
      have not been exercised previously; and
  -   all SARs must be exercised by the seventh anniversary of the
      date of grant.

Clearance for the above transactions has been obtained, and all
transactions were completed off market.


Stellenbosch
07 October 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07/10/2016 12:00:00 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.