Dealings by directors and by 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") DEALINGS BY DIRECTORS AND BY THE COMPANY SECRETARY Executive directors and the company secretary of Distell have accepted shares awarded under the Conditional Share Plan Scheme ("CSP Scheme"), on 22 October 2020, in respect of Distell ordinary shares and at a grant price of R80.00 per share, which grant price is based on the 270-day volume weighted average price of a Distell ordinary share up to and including 21 October 2020. NUMBER OF DATE OF DEEMED VALUE OF NATURE OF SHARES ACCEPTANCE TRANSACTION INTEREST DIRECTOR Direct RM Rushton 154 100 23 October 2020 R12 328 000 beneficial Direct LC Verwey 95 730 22 October 2020 R7 658 400 beneficial COMPANY SECRETARY Direct L Malan 25 413 23 October 2020 R2 033 040 beneficial The purpose of the Conditional Share Scheme is to incentivise, motivate and retain employees by awarding them with conditional shares as part of their total compensation and to afford employees the opportunity to share in the success of Distell through the award of out-performance conditional shares. The vesting of the shares will be subject to the satisfaction of the Performance Conditions, the Employment Condition and the Remaining Conditions (if any) set by the Remuneration Committee. The Performance Conditions comprise financial measures which include revenue growth, headline earnings growth and Return on Invested Capital. On condition that all vesting conditions have been met, the shares will vest as follows: - up to one third - on or after the third anniversary of the date of grant; - up to two thirds - on or after the fourth anniversary of the date of grant; and - all of the (remaining) shares - on or after the fifth anniversary of the date of grant. Clearance for the above transactions has been obtained, and all transactions were completed off-market. Stellenbosch 23 October 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 23-10-2020 04:18:00 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.