DISTELL GROUP HOLDINGS LIMITED - Disclosure of significant holding of Distell Group Holdings Limited ordinary shares

Disclosure of significant holding of Distell Group Holdings Limited ordinary shares

DISTELL GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2016/394974/06)
Share Code: DGH
ISIN: ZAE000248811
("Distell" or "the Company")

DISCLOSURE OF SIGNIFICANT HOLDING OF DISTELL GROUP HOLDINGS LIMITED
ORDINARY SHARES

In accordance with section 122(3)b) of the Companies Act, No. 71 of 2008
as amended ("the Companies Act"), regulation 121(2)(b) of the Companies
Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings
Requirements, shareholders are advised that the Public Investment
Corporation SOC Limited (“PIC”) has notified the Company that Distell
shares held and managed for its account by third party fund managers on
fully discretionary mandates have been sold and that it’s holding in the
Company has therefore decreased, such that the PIC now holds 29.9% of
the issued ordinary shares in the Company (from 31.4%).

The internally managed position of the PIC in relation to Distell
ordinary shares remains unchanged.

As required in terms of section 122(3)(a) of the Companies Act, the
Company has filed the required notice with the Takeover Regulation
Panel.

The board of directors of Distell accepts responsibility for the
information contained in this announcement as it relates to the Company
and confirms that, to the best of its knowledge and belief, such
information relating to Distell is true and that this announcement does
not omit anything likely to affect the importance of such information.

Stellenbosch
7 December 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07-12-2021 04:36:00
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