PBT - PBT Group Limited - Update on the acquisition by PBT PBT Group Limited Incorporated in the Republic of South Africa Registration number: 1936/008278/06 Share Code: PBT ISIN: ZAE000149712 ("PBT" or "the Company") UPDATE ON THE ACQUISITION BY PBT OF THE ENTIRE ISSUED SHARE CAPITAL OF PRESCIENT HOLDINGS (PROPRIETARY) LIMITED, PRESCIENT CAPITAL (PROPRIETARY) LIMITED, STADIA FUND MANAGEMENT LIMITED AND 75% OF GREENFIELD INSTITUTE OF BUSINESS (PROPRIETARY) LIMITED ("PRESCIENT") Shareholders are referred to the SENS announcement on 3 October 2011 and 31 October 2011 where it was announced that PBT has entered into an agreement to acquire Prescient ("the transaction"). Shareholders are advised that Competition Tribunal approval has been received. The following conditions precedent are still outstanding: * the granting of all regulatory approvals or clearances as may be required, including that of the JSE Limited ("JSE"), the Financial Services Board, the Takeover Regulation Panel and the Exchange Control division of the South African Reserve Bank; * obtaining the necessary shareholder approvals and board resolutions by PBT; A circular relating to the transaction incorporating revised listing particulars and a notice of general meeting and form of proxy will be posted to shareholders in due course. Cape Town 8 February 2012 Sponsor: Bridge Capital Advisors (Pty) Limited Attorneys to PBT: Cliffe Dekker Hofmeyr Inc Date: 08/02/2012 11:20:40 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.