Sharenet Sites 
Sharenet Sites
PSG/CPI - PSG Group Limited/Capitec Bank Holdings Limited - Results of the mandatory offer by PSG to all Capitec Shareholders PSG Group Limited (Incorporated in the Republic of South Africa) Registration Number: 1970/008484/06 Share Code: PSG ISIN Code: ZAE000013017 ("PSG") Capitec Bank Holdings Limited (Incorporated in the Republic of South Africa) Registration Number: 1999/025903/06 Share Code: CPI ISIN Code: ZAE000035861 ("Capitec") RESULTS OF THE MANDATORY OFFER BY PSG TO ALL CAPITEC SHAREHOLDERS Shareholders are referred to the PSG mandatory offer to all Capitec shareholders to acquire all Capitec ordinary shares not held by PSG for an offer consideration of 1.5767 PSG shares for every 1 Capitec share disposed of in terms of the mandatory offer, the details of which were announced on SENS on 7 December 2009 and contained in the offer document posted to all Capitec shareholders on 21 December 2009. The aforementioned mandatory offer closed at 12:00 today, 15 January 2010. Shareholders are further reminded that the mandatory offer was made for regulatory reasons only and that same was neither fair nor reasonable to Capitec shareholders. Shareholders are hereby advised that in terms of the mandatory offer, PSG received acceptances from Capitec shareholders holding 4,798 Capitec ordinary shares and therefore PSG will issue 7,565 PSG ordinary shares to those Capitec shareholders that accepted the offer. Prior to the mandatory offer, PSG and its directors, who are deemed to be acting in concert, held 35.61% of the shareholding in Capitec, of which PSG directly held 28,856,561 Capitec ordinary shares or 34.77%. As a result of the mandatory offer, PSG have increased their direct shareholding in Capitec to 28,861,359 Capitec ordinary shares or 34.78%, as a result of which PSG and its deemed concert parties have increased their shareholding in Capitec to 35.62% of the shareholding in Capitec. Dematerialised Capitec shareholders that accepted the mandatory offer will have their accounts with their Central Security Depository Participant or their broker credited on Monday, 18 January 2010. No certificated Capitec shareholders accepted the mandatory offer. By order of the Capitec Board By order of the PSG Board Stellenbosch Stellenbosch 15 January 2010 15 January 2010 Sponsor PSG Capital (Pty) Limited Date: 15/01/2010 17:28:11 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
