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PSG/PGFP - PSG Group Limited/ PSG Financial Services Limited - Recurring Headline Earnings/ Trading statement 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 Incorporated in the Republic of South Africa 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 earnings performance. Recurring headline earnings represent the sum of PSG`s effective interest in that of each investment, regardless of its percentage shareholding. The result is that investments in which PSG or an underlying investment 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 year ended 28 February 2011: - recurring headline earnings will be between 241 cents and 243 cents per share or between 16.2% to 17.2% higher; and - headline earnings will be between 305 cents and 307 cents per share or between 22.4% to 23.2% higher; and - attributable earnings will be between 423 cents and 425 cents per share or between 87.3% to 88.2% higher than that for the year ended 28 February 2010. This financial information has not been reviewed and reported on by the auditor of PSG Group Limited. The results for the year ended 28 February 2011 will be published on or about 18 April 2011. Stellenbosch 15 April 2011 PSG Capital Sponsor to PSG Date: 15/04/2011 17:07:19 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.
