PSG GROUP LIMITED - Dealing In Securities By A Director

Dealing In Securities By A Director

PSG Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/008484/06)
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
LEI code: 378900CD0BEE79F35A34
(“PSG”)

DEALING IN SECURITIES BY A DIRECTOR

Shareholders are referred to the announcement released on the Stock
Exchange News Service on 4 September 2017 regarding the hedging
arrangement entered into by Mr ZL Combi (“Original Hedging Arrangement”).
The Original Hedging Arrangement has been replaced by the new hedging
arrangement as set out below.

In compliance with paragraphs 3.63 to 3.74 of the JSE Listings
Requirements, the following information is disclosed:

NAME OF DIRECTOR                      ZL Combi
COMPANY OF WHICH A DIRECTOR           PSG Group Limited
STATUS: EXECUTIVE/NON-EXECUTIVE       Non-executive
TYPE OF SECURITIES                    Shares
CLASS OF SECURITIES                   Ordinary
DATE OF TRANSACTION                   10 July 2020
NUMBER OF SECURITIES TRANSACTED       354 000
NATURE OF TRANSACTION                 Zero-cost collar
                                      (off-market transaction)
PUT OPTION STRIKE PRICE               R138.02
CALL OPTION STRIKE PRICE              R210.10
OPTION STYLE                          European scrip settled
EXPIRY DATE                           5 July 2022 (as to 177 000 shares)
                                      and 12 July 2022 (as to the
                                      remaining 177 000 shares)
NATURE AND EXTENT OF INTEREST IN      Direct, beneficial
THE TRANSACTION

The aforementioned hedging arrangement which Mr ZL Combi has entered
into will help facilitate a two-year loan facility with the counterparty,
being a South African bank, with a maximum outstanding capital amount of
R48 859 080. At the closing PSG share price of R160.00 on 10 July 2020,
the value of the above-mentioned PSG shares amounted to R56 640 000.

Clearance for the above was obtained in accordance with paragraph 3.66
of the JSE Listings Requirements.

14 July 2020
Stellenbosch

Sponsor
PSG Capital

Independent sponsor
UBS South Africa

Date: 14-07-2020 05:30:00
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