DST 201408120003A
Trading statement
Distell Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1988/005808/06)
Share code: DST
ISIN: ZAE000028668
("Distell" or "the Company")
TRADING STATEMENT
Distell is currently finalising its financial results for the year
ended 30 June 2014, which should be released on or about 25 August
2014.
In this regard, shareholders are advised that earnings per share
and headline earnings per share are likely to be between 33% and
38% higher than the corresponding reporting period of the previous
year.
Earnings growth for the year is significantly impacted by a once-
off fair value remeasurement of the contingent purchase
consideration payable on the Burn Stewart Distillers Limited (BSD)
acquisition. Prior year provisions for additional excise duty and
interest thereon, as well as the transaction cost pertaining to
the BSD acquisition, further distorted earnings trends.
The forecast financial information on which this trading statement
is based has not been reviewed and reported on by the Company’s
external auditors.
Stellenbosch
12 August 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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