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DST - Distell Group Limited - Acceptance of share appreciation rights ("SAR") by directors and the company secretary DISTELL GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1988/005808/06) ISIN: ZAE000028668 Share Code: DST ("Distell") ACCEPTANCE OF SHARE APPRECIATION RIGHTS ("SAR") BY DIRECTORS AND THE COMPANY SECRETARY Executive directors and the company secretary of Distell, and directors of Distell Limited (a major subsidiary of Distell Group Limited) accepted SARs (in respect of ordinary shares) on 29 November 2011 at a grant price of R66-00 per SAR, which is based on the closing price of Distell shares on 24 November 2011. COMPANY NUMBER OF TOTAL VALUE OF NATURE OF SARS TRANSACTION INTEREST
MJ Botha Distell 8 921 R588 786.00 Direct beneficial JJ Scannell Distell 87 630 R5 783 580.00 Direct beneficial
CJ Cronje Distell 17 073 R1 126 818.00 Direct (company beneficial secretary) W Buhrmann Distell 24 204 R1 597 464.00 Direct Limited (a beneficial major subsidiary of Distell
Group Limited) PF Carolin Distell 27 707 R1 828 662.00 Direct Limited (a beneficial
major subsidiary of Distell Group
Limited) DJ Gallow Distell 20 971 R1 384 086.00 Direct Limited (a beneficial major
subsidiary of Distell Group Limited)
C Gous Distell 5 121 R337 986.00 Direct Limited (a beneficial major subsidiary
of Distell Group Limited) VC de Vries Distell 1 785 R117 810.00 Direct Limited (a beneficial major subsidiary of Distell
Group Limited) D M Hegland Distell 29 161 R1 924 626.00 Direct Limited (a beneficial
major subsidiary of Distell Group
Limited) SW Klopper Distell 15 249 R1 006 434.00 Direct Limited (a beneficial major
subsidiary of Distell Group Limited)
MG Distell 6 801 R448 866.00 Direct Lambrechts Limited (a beneficial major subsidiary
of Distell Group Limited) NT Moodley Distell 18 430 R1 216 380.00 Direct Limited (a beneficial major subsidiary of Distell
Group Limited) K Pillay Distell 7 624 R503 184.00 Direct Limited (a beneficial
major subsidiary of Distell Group
Limited) MR Searle Distell 10 288 R679 008.00 Direct Limited (a beneficial major
subsidiary of Distell Group Limited)
CLC Snyman Distell 5 227 R344 982.00 Direct Limited (a beneficial major subsidiary
of Distell Group Limited) JJ Venter Distell 5 639 R372 174.00 Direct Limited (a beneficial major subsidiary of Distell
Group Limited) 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; - all SARs must be exercised by the seventh anniversary of the date of grant. Approval for the above transactions has been obtained, and all transactions were completed off market. Stellenbosch 01 December 2011 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 01/12/2011 16:45:01 Supplied by www.sharenet.co.za 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.
