Delivery of shares pursuant to vesting of conditional share awards granted to directors and the company secretary DISTELL GROUP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2016/394974/06) Share Code: DGH ISIN: ZAE000248811 (“Distell”) DELIVERY OF SHARES PURSUANT TO VESTING OF CONDITIONAL SHARE AWARDS GRANTED TO DIRECTORS AND THE COMPANY SECRETARY Executive directors, executive management and the company secretary of Distell have traded the first tranche of the 2017 Conditional Share Plan shares which vested on 07 November 2020. The vesting of the shares was subject to the satisfaction of historical Performance Conditions and the Employment Condition set by the Remuneration Committee. The Performance Conditions comprise financial measures which include revenue growth, earnings before interest depreciation and amortization (EBITDA) growth and Return on Invested Capital target. The executive directors, the company secretary and some members of executive management elected to transfer all vested shares and pay the related income taxation from personal funds to ensure the maximum exposure currently available in the share scheme are owned to align company performance with shareholders’ interest. In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : RM Rushton Company : Distell Group Holdings Limited Date of award : 08 November 2017 Vesting period : 3 years from date of award Date of vesting : 07 November 2020 Percentage of awards vested Annual award : 52.2% Retention award : 53.3% Outperformance award : 12.8% Date of transaction : 09 November 2020 Nature of transaction : Off-market delivery of shares pursuant to the vesting of conditional share awards in terms of the Distell Conditional Share Plan Number of securities : 39 282 Class of securities : Ordinary shares Selling price per ordinary share : R94.50 per share Total value of transaction : R3 712 149.00 Nature of interest : Direct beneficial Clearance obtained : Yes Director : LC Verwey Company : Distell Group Holdings Limited Date of award : 08 November 2017 Vesting period : 3 years from date of award Date of vesting : 07 November 2020 Percentage of awards vested Annual award : 52.2% Retention award : 53.3% Outperformance award : 12.8% Date of transaction : 09 November 2020 Nature of transaction : Off-market delivery of shares pursuant to the vesting of conditional share awards in terms of the Distell Conditional Share Plan Number of securities : 18 079 Class of securities : Ordinary shares Selling price per ordinary share : R94.50 per share Total value of transaction : R1 708 465.50 Nature of interest : Direct beneficial Clearance obtained : Yes Company Secretary : L Malan Company : Distell Group Holdings Limited Date of award : 08 November 2017 Vesting period : 3 years from date of award Date of vesting : 07 November 2020 Percentage of awards vested Annual award : 52.2% Retention award : 53.3% Outperformance award : 12.8% Date of transaction : 09 November 2020 Nature of transaction : Off-market delivery of shares pursuant to the vesting of conditional share awards in terms of the Distell Conditional Share Plan Number of securities : 3 450 Class of securities : Ordinary shares Selling price per ordinary share : R94.50 per share Total value of transaction : R326 025.00 Nature of interest : Direct beneficial Clearance obtained : Yes Executive management retained a net total of 57 721 shares bringing the total number of shares owned by top management, including the Chief Executive Officer & Chief Financial Officer, to 115 082 shares. Stellenbosch 11 November 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 11-11-2020 09:05:00 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.