PSG - PSG Group - Reunert And PSG Undo Joint Venture In Quince Capital

PSG - PSG Group - Reunert And PSG Undo Joint Venture In Quince Capital          
PSG Group Limited                                                               
Incorporated in the Republic of South Africa                                    
Registration number 1970/008484/06                                              
Share code: PSG                                                                 
ISIN code: ZAE000013017                                                         
("PSG" or "the Company")                                                        
REUNERT AND PSG UNDO JOINT VENTURE IN QUINCE CAPITAL                            
Shareholders are referred to the SENS announcement of 5 February 2008           
wherein it was announced that Reunert Limited and PSG had agreed to end         
their joint participation in Quince Capital Holdings Limited ("Quince           
Unwinding"). As per the aforesaid announcement, the Quince Unwinding was        
subject to the finalisation of formal agreements, as well as shareholder and    
regulatory approvals (to the extent required).                                  
PSG hereby advises shareholders that the Quince Unwinding is no longer          
unconditional and has been implemented in full.                                 
Stellenbosch                                                                    
13 June 2008                                                                    
Date: 13/06/2008 16:00:01 Supplied by www.sharenet.co.za                     
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