PSG GROUP LIMITED - APPOINTMENT OF A DIRECTOR

PSG GROUP LIMITED - APPOINTMENT OF A DIRECTOR                                   
PSG GROUP LIMITED                                                               
(Registration number 1970/008484/06)                                            
Share Code:    PSG                                                              
ISIN:          ZAE000013017                                                     
("PSG Group")                                                                   
APPOINTMENT OF A DIRECTOR                                                       
Mr Desmond Lockey has been appointed as a director of PSG Group with effect from
24 February 2004.  Mr Lockey is also a director of PSG Capital Limited and      
Channel Life Limited, subsidiaries of PSG Group.                                
25 January 2004                                                                 
Stellenbosch                                                                    
Sponsor                                                                         
PSG Capital Limited                                                             
Date: 25/02/2004 03:41:41 PM Supplied by www.sharenet.co.za                     
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