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PSG - PSG - voluntary offer by PSG Group Limited to all Capitec Bank Holdings Limited shareholders PSG Group Limited Incorporated in the Republic of South Africa Registration number 1970/008484/06 JSE share code: PSG & ISIN: ZAE000013017 ("PSG") VOLUNTARY OFFER BY PSG GROUP LIMITED ("PSG") TO ALL CAPITEC BANK HOLDINGS LIMITED ("CAPITEC") SHAREHOLDERS DETAILS OF THE OFFER Shareholders are referred to the PSG announcement on SENS on Thursday, 26 April 2007 and in the press on Monday, 30 April 2007 in which shareholders were advised that the directors of PSG will make a voluntary offer to all Capitec shareholders to acquire up to a maximum of 34,9% of the ordinary issued share capital in Capitec, by means of a share for share issue in which PSG will issue 1,4545 PSG shares for each Capitec offer share accepted ("the offer"). The offer is still subject to the approval of the South African Reserve Bank. EXTENSION OF THE CLOSING DATE OF THE OFFER Capitec shareholders should take note of the fact that the offer closing date has been extended, for the avoidance of doubt, to ensure that those Capitec ordinary shareholders who accept the offer and are recorded on the Capitec shareholders register on the Friday, 15 June 2007, being the record date of the Capitec dividend, are entitled to receive the Capitec final dividend of 60 cents per Capitec ordinary share. The closing date of the offer has now been extended to 09h00 on Monday, 18 June 2007. Important dates and times relating to the offer are as follows: Last day for Capitec shareholders to trade Friday, 4 May 2007 in order to be eligible to participate in the offer on Shares trade ex the right to participate in Monday, 7 May 2007 the offer from the commencement of business on Record date on which Capitec shareholders Friday, 11 May 2007 must be recorded in the register of Capitec shareholders in order to be eligible to participate in the offer on
Offer document posted to Capitec Monday, 14 May 2007 shareholders and opening date of the offer on
Closing date of the offer and deemed Monday, 18 June 2007 effective date of disposal of shares by Capitec shareholders accepting the offer at 09h00 on Results of offer published on SENS on Monday, 18 June 2007 PSG offer shares posted to certificated Tuesday, 19 June 2007 Capitec shareholders accepting the offer(subject to receipt by PSG of documents of title on or prior to the closing date)on or about PSG offer shares credited to the CSDP or Tuesday, 19 June 2007 broker, as the case may be, of those Capitec shareholders who have dematerialised their Capitec shares and who have accepted the offer on Results of offer published in the press on Tuesday, 19 June 2007 Notes: 1. Any further change to the above dates and times will be announced on SENS and in the press. 2. Certificated Capitec shareholders are required to complete and return the form of acceptance, surrender and transfer in accordance with the instructions contained therein to be received by not later than 09:00 on the closing date of the offer. 3. Capitec shares held by Capitec shareholders accepting the offer may not be dematerialised or rematerialised between Monday, 7 May 2007 and Monday, 18 June 2007, both days inclusive. 4. Dematerialised Capitec shareholders accepting the offer must notify their duly appointed CSDP or broker of their acceptance of the offer in the manner and time stipulated in the agreement governing the relationship between such Capitec shareholder and his CSDP or broker. An offer document containing details of the voluntary offer to Capitec shareholders, including a form of acceptance, surrender and transfer, will be posted to Capitec shareholders on Monday, 14 May 2007. Stellenbosch 11 May 2007 Sponsor PSG Capital (Pty) Ltd Date: 11/05/2007 15:00:04 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
