DISTELL GROUP LIMITED - Dealings in securities by directors

Dealings in securities by directors

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

DEALINGS IN SECURITIES BY DIRECTORS

Executive directors of Distell and directors of Distell Limited
(a major subsidiary of Distell) accepted share appreciation rights
(“SARs”)in respect of Distell ordinary shares on 3 November 2014
at a grant price of R129.00 per SAR, which is based on the closing
price of Distell shares on 24 October 2014.

                  COMPANY      NUMBER OF     TOTAL VALUE OF NATURE OF
                               SARS          TRANSACTION    INTEREST
RM Rushton        Distell      28 941        R3 733 086     Direct
                                                            beneficial
DJ Gallow         Distell      20 583        R2 655 163     Direct
                  Limited                                   beneficial

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
3 November 2014

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

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