PSV HOLDINGS LIMITED - Change to the Board of Directors Appointment of Directors

Change to the Board of Directors – Appointment of Directors

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 – APPOINTMENT OF DIRECTORS

Further to the results of annual general meeting and changes to the board announcement dated
15 August 2019 and in compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the
board of directors of PSV (“the Board”) hereby notifies its shareholders of the following appointments to the
Board with effect from 16 August 2019:

-   Mr Aldworth Mbalati (“Aldworth”) has been appointed as an executive director.

    He has a broad entrepreneurial background specialising in building long term, high value capital
    projects in various industries including energy, mining and property development. He is a leading
    player in the procurement, supply and distribution of liquefied natural gas (“LNG”) in Africa and will
    deliver the opportunity and funding for African Cryogenics and PSV to become a major local
    manufacturer and lessor of Isotainers for the supply and distribution of LNG.

    Aldworth is currently the majority shareholder and Chief Executive Officer at DNG Energy, an
    integrated Gas company with operations in South Africa, Ghana, Nigeria and Mozambique.

-   Mr Abilio JD da Silva (“Abie”) has been appointed as an executive director.

    Abie is the co-founding member and previous Chief Executive Officer of PSV. He obtained a National
    Technical Certificate 5 from the Johannesburg Technical College and a Business Management
    Diploma from Damelin College. Abie took the Company from supplying pumps and valves to mines to
    being listed on the Alternative Exchange of the JSE Limited in April 2006 and will return to the Board
    lending his many years of industry experience in delivering the aforementioned strategy for African
    Cryogenics and PSV.

-   Mr Phillip Pettersen (“Phillip”) has been appointed as an independent non-executive director.

    Peter is a Chartered Director (SA), Fellow of the Chartered Insurance Institute (UK) and Fellow of the
    Insurance Institute (South Africa). He is well qualified in corporate governance and risk management
    arenas and has held MD positions in South Africa, Bermuda and the UK. Phillip brings over 10 years’
    experience as a non-executive director having served on several Audit, Risk and Social and Ethics
    Committees.

The Board welcomes Aldworth, Abie and Phillip and looks forward to their contribution to the Company.

The reconstituted Board will advise on further appointments in order to fill committee vacancies and
statutory requirements.

Johannesburg
16 August 2019

Designated Adviser
Merchantec Capital

Date: 16/08/2019 03:00:00
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