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.