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Tue 18 Jan 2005, 17:07 DISTELL GROUP LIMITED - TRADING STATEMENT
DISTELL GROUP LIMITED - 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 results for the six months ended 31 December
2004, which should be released on or about 16 February 2005. In this regard,    
shareholders are advised that earnings per share and headline earnings per share
will be between 30% and 40% higher than the corresponding reporting period of   
the previous year.                                                              
This is largely attributable to an improvement in trading income and reduced    
financing costs and foreign exchange losses.                                    
The forecast financial information on which this trading statement is based has 
not been reviewed and reported on by the Company`s auditors in accordance with  
the JSE Securities Exchange South Africa Listings Requirements.                 
Stellenbosch                                                                    
18 January 2005                                                                 
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 18/01/2005 04:59:13 PM      
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