Distell - A truly great South African alcoholic beverage company

Distell Group Limited is South Africa’s premier producer and marketer of fine wines, spirits and ready to drinks (RTDs).The Group is listed on JSE Limited. Distell employs over 4 000 people and has an annual turnover in excess of US$800 million.

We have a shared vision to create and maximise shareholder wealth through commitment to innovation and leadership in the markets where we operate. Our combined resources and expertise provide the ideal platform for us to take the leap to global competitiveness.

Our key strengths are local market leadership, high brand awareness levels, an extensive distribution network, local market knowledge, strong trade relationships and the structural capacity to rapidly introduce new products across categories and channels.

Mission

By unleashing our combined energy and resources, maintaining a market orientation and
commitment to transformation, we strive to:
• Delight customers and consumers everywhere
• Develop rewarding careers for our employees
• Deliver excellent returns for our shareholders
• Become meaningfully involved in our communities
• Be innovative in all that we do

Values

A sense of ownership in the company
An entrepreneurial spirit
A performance-driven culture
A customer-service orientation
Respect for the individual

Good Corporate Citzenship

Transformation is a drive focus for Distell as it continues to adhere to the principles of sound corporate governance. Distell’s involvement in transformation of the liquor industry has included helping to shape the Liquor Manufacturers’ Charter, currently in draft phase, as well as a number of initiatives in skills development and skills transfer, employment equity, preferential procurement, enterprise development, environmental management, public health and social investment.

Corporate Governance

Distell recognises that the implementation and maintenance of principles of sound corporate governance is core to protecting all our stakeholders, adding sustainable value to their relationship with the company. Consequently, they continually identify and establish ways of responsibly advancing relationships with stakeholders.

Corporate governance in Distell is managed and monitored by the board of directors and several subcommittees of the main board. They are unreservedly committed to the principles of good governance and to this end accept full accountability in applying the necessary disciplines of maintaining the highest standards of integrity, independence, fairness and social responsibility and they acknowledge their accountability to all stakeholders.

Transparency within the process of managing gives shareholders and other interest groups the assurance that the group is managed according to ethical norms and international best practice within the boundaries of prudently determined risk parameters.

The board is of the opinion that the group complies with all the significant principles incorporated in the Code of Corporate Practices and Conduct, as set out in the second King (King II) Report and the JSE Securities Exchange Listings Requirements.

Ethical Trading

Distell is a founding member of WIETA (the South African Wine Industry Ethical Trade Association), and the living conditions on its farms meet the requirements of the WIETA code of conduct. Compliance with these requirements is being rolled down to all
suppliers.