Dealing in securities by directors of a major subsidiary DISTELL GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1988/005808/06) Share Code: DST ISIN: ZAE000028668 DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : D Ullrich Company : Distell Limited (a major subsidiary of Distell Group Limited) Date of transaction : 01 December 2015 Nature of transaction : Off market exercise of share options in terms of the Distell Group Share Scheme and subsequent on market sale of shares Class of securities : Ordinary shares Number of securities : 311 Option price : R45.50 Option value : R14,150.50 Sale price : R180.00 Total value of shares sold : R55 980.00 Date of transaction : 02 December 2015 Nature of transaction : Off market exercise of share options in terms of the Distell Group Share Scheme and subsequent on market sale of shares Class of securities : Ordinary shares Number of securities : 7 020 Option price : R45.50 Option value : R319 410.00 Sale price : R180.00 Total value of shares sold R1 263 600.00 Date of transaction : 02 December 2015 Nature of transaction : Off market exercise of share appreciation rights (SARs), as well as the subsequent on market sale of shares Class of securities : Ordinary shares Number of SARs exercised : 516 Offer price : R66.00 Exercise price : R180.00 Total growth value of exercise : R58 824.00 Number of shares received in respect of SARs : 326 Number of shares sold : 326 Sale price : R180.00 per ordinary share Total value of shares sold : R58 680.00 Date of transaction : 02 December 2015 Nature of transaction : Off market exercise of share appreciation rights (SARs), as well as the subsequent on market sale of shares Class of securities : Ordinary shares Number of SARs exercised : 1 862 Offer price : R72.00 Exercise price : R180.00 Total growth value of : R201 096.00 exercise Number of shares received in respect of SARs : 1 117 Number of shares sold : 1 117 Sale price : R180.00 per ordinary share Total value of shares sold : R201 060.00 Date of transaction : 02 December 2015 Nature of transaction : Off market exercise of share appreciation rights (SARs), as well as the subsequent on market sale of shares Class of securities : Ordinary shares Number of SARs exercised : 359 Offer price : R93.35 Exercise price : R180.00 Total growth value of exercise : R31 107.35 Number of shares received in respect of SARs : 172 Number of shares sold : 172 Sale price : R180.00 per ordinary share Total value of shares sold : R30 960.00 Director : PF Carolin Company : Distell Limited (a major subsidiary of Distell Group Limited) Date of transaction : 02 December 2015 Nature of transaction : Off market exercise of share appreciation rights (SARs), as well as the subsequent on market sale of shares Class of securities : Ordinary shares Number of SARs exercised : 993 Offer price : R72.00 Exercise price : R180.00 Total growth value of exercise : R107 244.00 Number of shares received in respect of SARs : 593 Number of shares sold : 593 Sale price : R180.00 per ordinary share Total value of shares sold : R106 740.00 Date of transaction : 02 December 2015 Nature of transaction : Off market exercise of share appreciation rights (SARs), as well as the subsequent on market sale of shares Class of securities : Ordinary shares Number of SARs exercised : 3 879 Offer price : R93.35 Exercise price : R180.00 Total growth value of exercise : R336 115.35 Number of shares received in respect of SARs : 1 856 Number of shares sold : 1 856 Sale price : R180.00 per ordinary share Total value of shares sold : R334 080.00 In respect of all the transactions above, clearance to trade was granted and the nature of interest is direct/beneficial. Stellenbosch 03 December 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 03/12/2015 04:35:00 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.