Voluntary announcement - business update and executive team changes Distell Group Holdings Limited Registration number: 2016/394974/06 JSE share code: DGH ISIN: ZAE000248811 ("Distell" or "the Company") VOLUNTARY ANNOUNCEMENT - BUSINESS UPDATE AND EXECUTIVE TEAM CHANGES The Board of Directors of Distell wishes to inform shareholders and potential investors that as a result of its overall strategy to simplify its operating model, a number of changes have been made to its executive team. The realignment is aimed at strengthening execution across Distell's entire value chain and aligning the business model with the right capabilities required to grow and win in chosen markets. Four key changes include: 1. Creation of a central Growth and Innovation function with more agile and responsive innovation capabilities, insights led strategy and a digitally-enabled growth mandate to create more relevant experiences for our consumers. 2. Decentralise regional brand and portfolio management to the Business Units to get closer to consumers and reduce duplication across the business. 3. Align and focus the International and Premium Wines businesses into a Ventures Business BU to deliver high value premium products in priority markets. 4. Establishment of a central Corporate Services function which will enable our digital transformation, build deeper analytics capabilities and expand professionalise services delivered by The HIVE (Distell's shared service centre). - Donovan Hegland (formerly Director: Global Marketing) will lead the new Growth and Innovation organization. - Kate Rycroft (formerly Director: Corporate Development) will lead the Ventures Business. - Kershen Pillay will join the Executive Leadership Team as Director: Corporate Services. - Andre Opperman will drive change initiatives going forward in a temporary role as Director of Strategic Change Initiatives, reporting to the CEO. - Lizelle Malan remains in her role as Group company secretary, reporting to the CFO. - Fraser Thornton (MD: International) and Kay Nash (CEO: Libertas Vineyards and Estates) will continue managing their current portfolios and report into Kate Rycroft. - Marius Lambrechts (formerly Director: Innovation) will move into a more strategic role to be announced. The remaining executive team remains in their roles. These changes take effect on April 1st 2019. Commenting on the changes, Richard Rushton Group CEO of Distell said that the top management appointments 'are designed to accelerate sustainable and profitable growth. The appointment of Kershen Pillay and Andre Opperman demonstrate our commitment to diversity and transformation within Distell. This is a positive step forward and we will continue to accelerate the pace of transformation in our business.' The Company will address this and other operating model initiatives at its Interim Financial Results (up to December 2018) webcast on March 1st, 2019 at 12.00 CAT. Registration details can be found at https://www.distell.co.za/investor- centre/ The information provided in this announcement is not an earnings forecast and has not been reviewed and reported on by the Company's external auditors Stellenbosch 20 February 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/02/2019 11:48:00 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.