PSG KONSULT LIMITED - PSG Konsult credit rating upgraded

PSG Konsult credit rating upgraded

PSG Konsult Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
ISIN Code: ZAE000191417
(“PSG Konsult”)

PSG KONSULT CREDIT RATING UPGRADED

Shareholders are advised that the rating agency Global Credit
Rating Company (“GCR”) upgraded PSG Konsult’s long-term rating to
BBB+ (previously BBB) today. It also confirmed PSG Konsult’s short-
term rating of A2 with the outlook accorded as Stable. This is as a
result of PSG Konsult’s strong operational performance over the
past two years, as well as the enhanced access to capital and other
funding offered by the JSE listing. This is the highest credit
rating PSG Konsult has received to date.

PSG MANAGEMENT’S COMMENT

Commenting on GCR’s upgrade and recognition of PSG Konsult’s
achievements, Mike Smith, PSG Konsult’s Chief Financial Officer,
said, “The rating upgrade reflects the increased financial strength
and stability we have built into our business model. This is
subsequent to the successful restructure we undertook in the 2013
financial year. We are confident of further upgrades as management
demonstrates its ability to unlock sustained long-term growth in
income and operating profit regardless of market cycles.”

GCR’S RATING RATIONALE

GCR states, “The JSE listing is considered positively in terms of
raising PSG Konsult’s profile and improving access to capital.
Combined with the low debt profile, this provides substantial
funding flexibility to undertake acquisitions or similar
transactions should the opportunities arise.”

GCR’S FULL REPORT

The full report is available on PSG Konsult’s website:
www.psg.co.za


Tyger Valley
28 August 2014
JSE sponsor: PSG Capital (Pty) Ltd
NSX sponsor: PSG Wealth Management (Namibia) (Pty) Ltd, member of
the Namibian Stock Exchange

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