PSV HOLDINGS LIMITED - Change to the Board of Directors Resignation of Director and Change in Function of Director

Change to the Board of Directors – Resignation of Director and Change in Function of Director

PSV HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV   ISIN: ZAE000078705
(“PSV” or “the Company”)


CHANGE TO THE BOARD OF DIRECTORS – RESIGNATION OF DIRECTOR AND CHANGE IN FUNCTION OF DIRECTOR


Shareholders are referred to the “Results of Annual General Meeting” announcement released on SENS
on 31 September 2016 wherein shareholders were advised of the withdrawal of the resolutions pertaining
to Mr Ralph Patmore’s re-election as a director and his appointment as a member of the Independent
Audit and Risk Committee prior to the Annual General Meeting.

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors
of PSV (“the Board”) hereby notifies shareholders that Mr Ralph Patmore has resigned as an independent
non-executive director, member of the Independent Audit and Risk Committee and Chairman of the Board
with effect from 30 August 2016.

The Board has commenced the process to appoint a new independent non-executive Chairman of the
Board and member of the Independent Audit and Risk Committee and shareholders will be advised in due
course once an appointment has been made.

In the interim, Mr Abie Da Silva will serve as acting Chairman of the Board, until a suitable replacement
has been appointed.

We wish to thank Mr Patmore for his contribution to the Company and wish him every success with his
future endeavours.


Johannesburg
1 September 2016

Designated Adviser
Merchantec Capital

Date: 01/09/2016 04:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.