PSG GROUP LIMITED - RESULTS OF GENERAL MEETING AND CONFIRMATION OF SALIENT DATES

PSG GROUP LIMITED - RESULTS OF GENERAL MEETING AND CONFIRMATION OF SALIENT DATES
PSG GROUP LIMITED                                                               
(Registration number 1970/008484/06)                                            
Share Code:    PSG                                                              
ISIN:          ZAE000013017                                                     
("PSG Group")                                                                   
RESULTS OF GENERAL MEETING AND CONFIRMATION OF SALIENT DATES                    
1.   RESULTS OF GENERAL MEETING                                                 
A special general meeting of PSG Group shareholders was held on Thursday, 13    
November 2003 ("the general meeting") to consider ordinary resolutions relating 
to the unbundling by PSG Group of its shareholding in Capitec Bank Holdings     
Limited ("the Caphold unbundling shares") by way of a dividend in specie and a  
reduction of the share premium of PSG Group ("the unbundling").                 
The board of PSG Group is pleased to announce that the ordinary resolutions     
tabled at the general meeting were passed by the requisite majority of          
shareholders.                                                                   
2.   SALIENT DATES                                                              
PSG Group shareholders are reminded of the salient dates relating to the        
unbundling, which are reprinted below for convenience.                          
2003                         

     Last day to trade PSG Group shares in order   Friday, 21                   
     to qualify for the unbundling on              November                     
     PSG Group shares commence trading ex-         Monday, 24                   
entitlement to the Caphold unbundling shares  November                     
     on                                                                         
     Record date (shareholders must be recorded    Friday, 28                   
     in the register by close of trading on this   November                     
date, in order to participate in the                                       
     unbundling) on                                                             
     Effective date of the unbundling on           Monday, 1                    
                                                   December                     
Dematerialised shareholders will have their   Monday, 1                    
     accounts at their Central Securities          December                     
     Depository Participant or broker  updated on                               
     Share certificates in respect of the Caphold  Monday, 1                    
unbundling shares posted to qualifying        December                     
     certificated shareholders on(1)                                            
Notes:                                                                          
(1)  The attention of PSG Group shareholders is drawn to the fact that PSG Group
certificated shareholders  will receive a share certificate in respect of the   
Caphold unbundling shares and will be required to dematerialise such share      
certificate in order to trade his/her Caphold unbundling shares on the JSE.  The
dematerialisation process can take between 24 hours and 10 days, depending on   
the volumes being processed by STRATE at the time of the dematerialisation.     
(2)  No requests for the dematerialisation or rematerialisation of PSG Group    
shares will be executed during the period commencing on Monday, 24 November 2003
and ending on Friday, 28 November 2003, both days inclusive.                    
Stellenbosch                                                                    
13 November 2003                                                                
Corporate advisor  Joint sponsor           Attorneys      Auditing and reporting
and joint sponsor                                         accountants           
PSG Capital        PriceWaterhouseCoopers  Hofmeyr        PriceWaterhouseCoopers
                   Corproare Finance (Pty)                                      
                   Ltd                                                          
Date: 13/11/2003 01:22:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department