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 23 March 2015 at
a grant price of R152.00 per SAR, which is based on the closing
price of Distell shares on 20 March 2015.

               COMPANY         NUMBER OF     TOTAL VALUE OF NATURE OF
                               SARS          TRANSACTION    INTEREST
DM Hegland     Distell         17 400        R2 644 800     Direct
               Limited                                      beneficial
LC Verwey      Distell         48 450        R7 364 400     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
15 May 2015

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

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