PSG Group Limited/PSG Financial Services - Results Of The Rights Offer

PSG Group Limited/PSG Financial Services - Results Of The Rights Offer          
PSG Group Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1970/008484/06)                                            
JSE share code: PSG    ISIN: ZAE000013017                                       
PSG FINANCIAL SERVICES LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1919/000478/06)                                            
JSE share code: PGFP    ISIN: ZAE000060166                                      
("PSG Financial Services" or "the company")                                     
RESULTS OF THE RIGHTS OFFER                                                     
The rights offer to PSG Financial Services preference shareholders of 200 000   
000 cumulative, non-redeemable, non-participating preference share of 1 cent    
each ("the rights offer shares") at an issue price of 95 cents per rights offer 
share, in the ratio of 1 rights offer shares for every preference share held    
("the rights offer"), closed at 12:00 on Friday, 14 October 2005.               
The results of the rights offer are as follows:                                 
-    PSG Financial Services preference shareholders (and their renouncees)      
     applied for 68 510 908 rights offer shares; and                            
-    Excess applications were received in respect of 1 332 800 rights offer     
     shares;                                                                    
-    resulting in 69 843 708 of the rights offer shares been subscribed for in  
terms of the rights offer. The underwriters of the rights offer will therefore  
subscribe for 130 156 292 of the rights offer shares.                           
Share certificates in respect of rights offer shares subscribed for will be     
posted to certificated shareholders today, and dematerialised shareholders" safe
custody accounts with their Central Securities Depository Participants or       
brokers will be credited with the rights offer shares subscribed for today.     
Stellenbosch                                                                    
17 October 2005                                                                 
Corporate advisor and joint sponsor                                             
PSG Capital                                                                     
Lead sponsor                                                                    
PricewaterhouseCoopers                                                          
Corporate Finance (Proprietary) Limited                                         
Date: 17/10/2005 07:30:25 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department