PSG/PGFP - PSG Group Limited - Recurring Headline Earnings

PSG/PGFP - PSG Group Limited - Recurring Headline Earnings                      
PSG GROUP LIMITED                                                               
Incorporated in the Republic of South Africa                                    
Registration number 1970/008484/06                                              
JSE share code: PSG  ISIN:  ZAE000013017                                        
("PSG")                                                                         
PSG Financial Services Limited                                                  
Registration number 1919/000478/06                                              
JSE share code: PGFP  ISIN code: ZAE000096079                                   
RECURRING HEADLINE EARNINGS                                                     
PSG continues to use the recurring headline earnings method to provide          
management and investors with a more realistic and transparent way of evaluating
PSG`s financial performance.  Recurring headline earnings represent the sum of  
PSG`s effective interest in that of each investee, regardless of its percentage 
shareholding.  The result is that investments in which PSG or an investee holds 
less than 20% and are generally not equity accountable in terms of accounting   
standards, are included in the calculation of our consolidated recurring        
headline earnings.  Marked-to-market fluctuations are excluded.                 
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited, a listed company is   
required to publish a trading statement as soon as it becomes aware that the    
financial results for the next period to be reported on will show a 20% or more 
difference from those of the previous corresponding period.                     
PSG hereby advises that a reasonable degree of certainty exists that, for the   
six months ended 31 August 2010:                                                
    *    recurring headline earnings will be between 110 cents and 112 cents    
         per share or between 35.0% to 37.4% higher;                            
*    headline earnings will be between 136 cents and 138 cents per share or 
         between 0.1% to 1.5% higher; and                                       
    *    attributable earnings will be between 124 cents and 126 cents per      
         share or between 10.1% to 11.9% higher                                 
than that for the six months ended 31 August 2009.                              
This financial information has not been reviewed or reported on by the auditor  
of PSG. The results for the six months ended 31 August 2010 will be published on
11 October 2010.                                                                
Stellenbosch                                                                    
8 October 2010                                                                  
PSG Capital                                                                     
Sponsor to PSG                                                                  
Date: 08/10/2010 16:31:01 Supplied by www.sharenet.co.za                     
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