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 (“SENS”) on 14 July 2020 regarding the scrip-
settled hedging arrangement entered into by Mr ZL Combi in respect of
354 000 PSG shares held by him with a South African bank in terms of a
two-year loan facility. This hedging arrangement has now expired and the
bank has exercised its call option pursuant thereto.

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                   5 July 2022 (on expiry of     (1)
                                      first tranche of collar)
                                      12 July 2022 (on expiry of    (2)
                                      second tranche of collar)
NUMBER OF SECURITIES TRANSACTED       177 000                       (1)
                                      177 000                       (2)
NATURE OF TRANSACTION                 Delivery of shares to a
                                      South African bank pursuant
                                      to a call option granted in
                                      terms of a scrip-settled
                                      zero-cost collar entered
                                      into in July 2020
                                      (off-market transaction)
CALL OPTION STRIKE PRICE              R49.33
TOTAL VALUE AT OPTION STRIKE          R8 731 410                    (1)
PRICE                                 R8 731 410                    (2)
NATURE AND EXTENT OF INTEREST IN      Direct, beneficial
THE TRANSACTION

Clearance for the above was obtained in accordance with paragraph 3.66
of the JSE Listings Requirements by virtue of the fact that the call
option exercise dates were fixed for the above dates in terms of such
contractual hedging arrangement. PSG Group was informed of the delivery
of the above shares following final settlement, which occurred on 12
July 2022.

13 July 2022
Stellenbosch

Sponsor
PSG Capital

Independent joint sponsor
Tamela Holdings Proprietary Limited

Date: 13-07-2022 05:30:00
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