PSG GROUP LIMIITED - IMPORTANT NOTICE

PSG GROUP LIMIITED - IMPORTANT NOTICE                                           
(Registration number 1970/008484/06)                                            
Share code : PSG                                                                
ISIN : ZAE000013017                                                             
("PSG")                                                                         
IMPORTANT NOTICE                                                                
Please note, in the interest of PSG shareholders and the public, and in         
order to clarify any possible confusion, that :                                 
Progressive Systems College Guaranteed Growth Limited also referred to as       
PSC Guaranteed Growth Limited or PSCGG is not:                                  
* a PSG group company;                                                          
* nor is it linked to or associated with PSG in any way.                        
Stellenbosch                                                                    
10 June 2002                                                                    
Contact Persons :                                                               
C A Otto        (021) 887 9602                                                  
J A Holtzhausen (021) 887 9602 / 082558 3623                                    
Date: 10/06/2002 04:50:00 PM Produced by the SENS Department