PSG FINANCIAL SERVICES LIMITED - Reviewed Results For The Year Ended 28 February 2021

Reviewed Results For The Year Ended 28 February 2021

PSG FINANCIAL SERVICES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1919/000478/06)
JSE Limited (“JSE”) share code: PGFP
ISIN code: ZAE000096079
LEI code: 378900E99AFDC02B0F23
(“PSG Financial Services” or “the Company”)


REVIEWED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2021


Holders of PSG Financial Services cumulative, non-redeemable, non-participating preference
shares (“preference share(s)” or “preference shareholders”) are advised that the Company’s
reviewed results for the year ended 28 February 2021 are available as set out below.

The Company is a wholly-owned subsidiary and the only directly-held asset of PSG Group
Limited (“PSG Group”). While it does not have a direct impact on preference shareholders
(and specifically the payment of preference share dividends), such shareholders are, for the
sake of transparency, also referred to PSG Group’s reviewed results for the year ended
28 February 2021, which were released on SENS today.

The Company previously announced the declaration of its preference share dividend in
respect of the six months ended 28 February 2021, which was paid on Tuesday,
23 March 2021.

This short-form announcement is the responsibility of the directors of the Company. It contains
only a summary of the information in the full announcement and does not contain full or
complete details. The full announcement can be found at:

https://senspdf.jse.co.za/documents/2021/JSE/ISSH/PGFH/PSLFY21.pdf

The full announcement is also available for viewing on PSG Group’s website at
https://www.psggroup.co.za/ReviewedResultsPSLFeb2021.pdf or may be requested and
obtained in person, at no charge, at the registered office of the Company or the Company’s
sponsor during office hours.

Any investment decisions should be based on consideration of the full announcement.

The Company has based this short-form announcement on the financial results for the year
ended 28 February 2021, which have been reviewed by the Company’s auditor,
PricewaterhouseCoopers Inc., who expressed an unmodified review conclusion thereon.

Repurchase of preference shares

Preference shareholders are advised to take note of the announcement released on SENS on
Tuesday, 20 April 2021 (https://www.psggroup.co.za/PSLTA.pdf) whereby the board of PSG
Financial Services has resolved to make an offer to repurchase and delist all the preference
shares in issue at a clean (i.e. excluding the accrued preference dividend) price of R81 per
share, equating to a total cash consideration of R1.41bn, in terms of a scheme of arrangement.
Subject to shareholder and regulatory approval, it is envisaged that the repurchase will be
implemented in the next three months.

Stellenbosch
20 April 2021

Sponsor
PSG Capital

Independent joint sponsor
UBS South Africa

Date: 20-04-2021 08:30:00
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