Amendment to rate applicable to Dividend Withholding Tax and impact on cash dividend declaration Distell Group Limited (Incorporated in the Republic of South Africa) Registration number: 1988/005808/06 Income tax number: 9115001712 Share code: DST ISIN: ZAE000028668 ("Distell" or "the Company") AMENDMENT TO RATE APPLICABLE TO DIVIDEND WITHHOLDING TAX AND IMPACT ON CASH DIVIDEND DECLARATION Shareholders are referred to the announcement released on the Stock Exchange News Service on 23 February 2017 in which they were advised, inter alia, that the board of directors had resolved to declare an interim gross cash dividend to shareholders recorded in the register of the Company on Friday, 17 March 2017 ("Announcement"). Shareholders are now advised that, consequent to the announcement by Minister Gordhan of an increase in the dividend withholding tax ("DWT") rate from 15% to 20%, in his budget speech of 22 February 2017, the DWT applicable to the gross cash dividend to be paid to shareholders who are not exempt from DWT is 20%. The net dividend amount is accordingly 132,0 cents per share and not 140,25 cents per share, as previously announced. The remainder of the Announcement is unaffected. Stellenbosch 24 February 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/02/2017 03:39:00 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.