PSV Holdings Ltd - DECLARATION OF SPECIAL CASH DIVIDEND

PSV Holdings Limited

                                 Incorporated in the Republic of South Africa
                                    (Registration number 1998/004365/06)
                                   Share code: PSV ISIN: ZAE000078705

                                                    ("PSV")



                               DECLARATION OF SPECIAL CASH DIVIDEND



Shareholders are referred to the announcement released on SENS on 14 June 2012 regarding the fulfilment
of all the conditions precedent on the sale of the Pump Business including the receipt of the consideration of
R54 million.


Accordingly shareholders are advised that a special cash dividend of 3.6 cents (gross) per share has been
declared by the board of PSV, in accordance with the timetable set out below:


                                                                        2012
Last date to trade cum distribution:                        Friday, 20 July
Shares trade ex distribution:                               Monday, 23 July
Record date:                                                Friday, 27 July
Payment date:                                               Monday, 30 July


Share certificates may not be dematerialised or rematerialised between Monday, 23 July 2012 and Friday,
27 July 2012, both dates inclusive.


In terms of the Listings Requirements of the JSE Limited regarding the new Dividends Tax effective 1 April
2012, the following additional information is disclosed:


1.   The special dividend should be treated as an income payment;
2.   The local dividend tax rate is 15%;

3.   There are no Secondary Tax on Companies credits utilised against the dividend;
4.   The gross local dividend amount is 3.6 cents per share for shareholders exempt from paying the new
     Dividends Tax;

5.   The net local dividend amount is 3.06 cents per share for shareholders liable to pay the new Dividends
     Tax;

6.   The issued share capital of PSV is 272 547 699 shares;
7.   PSV`s tax reference number is 7950760266; and

8.   Application has been made to the South African Reserve Bank for approval of the special dividend.


Shareholders who are exempt from paying the new Dividends Tax as per point 4 above will need to notify
PSVa''s withholding agent, Computershare Investor Services, by Friday, 20 July 2012.

Johannesburg
5 July 2012

Designated Adviser
Merchantec Capital

Date: 05/07/2012 05:50:00 Supplied by www.sharenet.co.za                     
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