PSG/PGFP - PSG Group Limited/ PSG Financial Services Limited - Joint

PSG/PGFP - PSG Group Limited/ PSG Financial Services Limited - Joint            
Announcement: Change In Directors` Capacity                                     
PSG Group Limited                                                               
Incorporated in the Republic of South Africa                                    
(Registration number 1970/008484/06)                                            
Share code: PSG                                                                 
ISIN code: ZAE000013017                                                         
("PSG Group")                                                                   
PSG Financial Services Limited                                                  
Incorporated in the Republic of South Africa                                    
(Registration number 1919/000478/06)                                            
JSE Share code: PGFP                                                            
ISIN code: ZAE000096079                                                         
("PSG Financial Services")                                                      
JOINT ANNOUNCEMENT: CHANGE IN DIRECTORS` CAPACITY                               
In accordance with rules 3.59 and 3.84 (c) of the Listings Requirements of the  
JSE Limited ("JSE"), shareholders are hereby advised of the following changes in
the capacities of directors of PSG Group and PSG Financial Services:            
1    The capacity of Mr Jannie Mouton has changed from executive chairman       
to non-executive chairman with effect from Wednesday, 14 July 2010; and     
2    The capacity of Mr Piet Mouton ("Piet") has changed from executive         
    director to chief executive officer ("CEO") with effect from Wednesday, 14  
    July 2010.                                                                  
Piet has enjoyed a longstanding association with PSG and he serves as an        
executive and/or non-executive director on the boards of various PSG group and  
associated companies, including that of Capitec Bank Holdings Limited and       
Paladin Capital Limited. He has been active in the investment and financial     
services industry since 1999.                                                   
The boards of PSG Group and PSG Financial Services welcome the appointment of   
Piet Mouton as CEO and look forward to his valued contribution.                 
Stellenbosch                                                                    
15 July 2010                                                                    
Sponsor                                                                         
PSG Capital                                                                     
Date: 15/07/2010 11:58:05 Supplied by www.sharenet.co.za                     
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