PSG - PSG Group Limited - Results of offer by PSG to all Capitec Shareholders

PSG - PSG Group Limited - Results of offer by PSG to all Capitec Shareholders   
PSG Group Limited                                                               
Incorporated in the Republic of South Africa                                    
Registration number 1970/008484/06                                              
JSE share code: PSG & ISIN:  ZAE000013017                                       
("PSG")                                                                         
RESULTS OF OFFER BY PSG GROUP LIMITED TO ALL CAPITEC BANK HOLDINGS LIMITED      
("CAPITEC") SHAREHOLDERS                                                        
The voluntary offer made by PSG to all Capitec shareholders to acquire up to a  
maximum of 34,9% of the issued ordinary share capital of Capitec("the offer")   
closed at 09:00 on Monday, 18 June 2007.                                        
Further to announcement made on SENS on Friday, 15 June 2007, shareholders are  
advised that the approval of the South African Reserve Bank has been received,  
thus fulfilling the only suspensive condition.                                  
The results of the offer are as follows:                                        
13,892,036 Capitec ordinary shares have been offered by Capitec shareholders.   
PSG has accepted 13,540,277 Capitec ordinary shares, resulting in PSG holding   
34,9% of the issued ordinary share capital of Capitec. The offer acceptances    
have been reduced on a proportional basis ensuring an equitable treatment to all
shareholders.                                                                   
PSG in order to procure settlement will issue 19,694,333 PSG ordinary shares to 
those Capitec shareholders accepting the offer ("offer participants") as        
settlement in terms of the offer.                                               
Share certificates in respect of the offer will be posted to certificated offer 
participants on or about Friday, 22 June 2007.                                  
Dematerialised offer participants will have their accounts with their Central   
Security Depository Participants (CSDPs) or brokers credited on Friday, 22 June 
2007 with the PSG ordinary shares as settlement of the offer consideration.     
Stellenbosch                                                                    
20 June 2007                                                                    
Sponsor                                                                         
PSG Capital (Pty) Ltd                                                           
Date: 20/06/2007 15:15:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.