PSG - PSG Group Limited - Update To Shareholders

PSG - PSG Group Limited - Update To Shareholders                                
PSG Group Limited                                                               
Incorporated in the Republic of South Africa                                    
Registration number: 1970/008484/06                                             
JSE share code: PSG                                                             
ISIN number: ZAE000013017                                                       
("PSG Group" or "the company")                                                  
UPDATE TO SHAREHOLDERS                                                          
Shareholders are referred to the withdrawal of PSG Group`s cautionary           
announcement dated 16 August 2011. Shareholders are hereby advised, for the     
avoidance of doubt, that the Curro Holdings Limited unbundling out of Paladin   
Capital Limited ("Paladin") was implemented on Monday, 15 August 2011 and that  
the conditional intention by PSG Group to make an offer to acquire the entire   
issued share capital of Paladin by way of a scheme of arrangement is still      
proceeding as announced on SENS on 13 July 2011.                                
Furthermore, shareholders are advised that PSG Group has issued 5 879 306       
ordinary shares at an average price of 4729 cents per share for a total cash    
consideration of R278 048 076 under its general authority granted by            
shareholders at its Annual General Meeting held on 15 June 2011.  The rationale 
for the aforementioned general issue for cash was to strengthen PSG Group`s     
balance sheet to enable it to pursue attractive investment opportunities as and 
when same arise.                                                                
Stellenbosch                                                                    
17 August 2011                                                                  
Sponsor                                                                         
PSG Capital                                                                     
Date: 17/08/2011 14:56:00 Supplied by www.sharenet.co.za                     
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