Distell / Capevin - Extension of date for fulfilment of outstanding Conditions Precedent to the Transaction Distell Group Limited Capevin Holdings Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) Registration Number: 1988/005808/06 Registration number: 1997/020857/06 ISIN: ZAE000028668 ISIN code: ZAE000167714 Share code: DST Share code: CVH (“Distell”) (“Capevin”) EXTENSION OF DATE FOR FULFILMENT OF OUTSTANDING CONDITIONS PRECEDENT TO THE TRANSACTION Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the Distell Group Holdings Limited Prospectus distributed on Wednesday, 20 September 2017. On Monday, 29 January 2018, Distell and Capevin issued a joint announcement in relation to the extension of the date for fulfilment or waiver, as the case may be, of the outstanding Conditions Precedent to the Transaction. The Transaction is subject, inter alia, to approvals being obtained from the relevant competition authorities in a number of jurisdictions. The process to obtain these consents from the relevant competition authorities is still ongoing and is taking longer than originally anticipated. Accordingly, DGHL, Distell and Capevin have agreed to extend the date for fulfilment or waiver, if applicable, of all the outstanding Conditions Precedent, from Friday, 6 April 2018, to Thursday, 31 May 2018. A detailed timetable will be released as part of the finalisation announcement once all Conditions Precedent have been fulfilled or waived, if applicable. By order of the Distell Board and Capevin Board Stellenbosch Wednesday, 04 April 2018 Financial Adviser, Merchant Bank, and Transaction Sponsor to Distell and DGHL Transaction Originator and Coordinator Rand Merchant Bank (A division of FirstRand Bank Limited) Legal Adviser to DGHL Edward Nathan Sonnenbergs Inc. Legal Adviser to Distell Cliffe Dekker Hofmeyr Inc. Independent expert to the Distell Independent Board Ernst & Young Financial Adviser and Transaction Sponsor to Capevin PSG Capital Proprietary Limited Legal Adviser to Capevin Cliffe Dekker Hofmeyr Inc. Independent expert to the Capevin Independent Board BDO Corporate Finance Proprietary Limited Date: 04/04/2018 09:00:00 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.