PSG - PSG Group Limited - Disclosure of acquisition and disposal of securities

PSG - PSG Group Limited - Disclosure of acquisition and disposal of securities  
PSG Group Limited                                                               
Incorporated in the Republic of South Africa                                    
Registration number 1970/008484/06                                              
Share code: PSG                                                                 
ISIN code: ZAE000013017                                                         
("PSG or the Company")                                                          
DISCLOSURE OF ACQUISITION AND DISPOSAL OF SECURITIES                            
PSG shareholders` are referred to the SENS announcement released by Steinhoff   
International Holdings Limited ("Steinhoff") on 15 December 2011 in relation to 
the proposed acquisition by Steinhoff of a 20% shareholding in PSG ("the        
Steinhoff Announcement").                                                       
In accordance with Section 122(3)(b) of the Companies Act 71 of 2008 (as        
amended), and section 3.83(b) of the JSE Limited`s Listings Requirements,       
shareholders are hereby advised that the Company has received formal            
notification in the prescribed form of the following movements in securities of 
the Company:                                                                    
*    Titan Nominees Proprietary Limited (an associate of Dr. CH Wiese) has      
    disposed of all of its shares held in PSG on the terms as set out in the    
Steinhoff Announcement;                                                     
*    Mayfair Speculators Proprietary Limited ("Mayfair") (indirectly associated 
    with Mr. MJ Jooste) has disposed of 3 500 000 shares in PSG on the terms as 
    set out in the Steinhoff Announcement, resulting in Mayfair`s shareholding  
in PSG decreasing to 8.9% of the total issued ordinary share capital of PSG 
    (net of treasury shares). Subject to fulfilment of the conditions precedent 
    as set out in the Steinhoff Announcement ("the Conditions Precedent"),      
    Mayfair will dispose of its residual shares held in PSG to Steinhoff; and   
*    Steinhoff has acquired an interest in securities in the Company such that  
    the total interest in the securities in the Company held by Steinhoff       
    amounts to 11.1%, which interest will increase to 20% subject to the        
    fulfilment of the Conditions Precedent.                                     
15 December 2011                                                                
Stellenbosch                                                                    
Sponsor: PSG Capital Proprietary Limited                                        
Date: 15/12/2011 17:00:18 Supplied by www.sharenet.co.za                     
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