Trading statement 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”) RECURRING HEADLINE EARNINGS PSG Konsult uses the recurring headline earnings per share benchmark to provide management and investors with a realistic and transparent way of evaluating its earnings performance. Once-off items are excluded from recurring headline earnings. TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the next period to be reported on will differ by 20% or more from that of the previous corresponding period. In compliance with the JSE Listing Requirements, shareholders are advised that a review of the interim financial results for the period ended 31 August 2014 by management has indicated that a reasonable degree of certainty exists that for the six month period ended 31 August 2014: - Recurring headline earnings per share will be between 11.6 cents and 11.8 cents, or between 30% and 33% higher than that for the six month period ended 31 August 2013; - Headline earnings per share will be between 11.4 cents and 11.7 cents, or between 28% and 32% higher than that for the six month period ended 31 August 2013; and - Attributable earnings per share will be between 11.4 cents and 11.7 cents, or between 25% and 28% higher than that for the six month period ended 31 August 2013. The financial information on which this trading statement is based has not been reviewed and reported on by PSG Konsult’s auditors. PSG Konsult’s unaudited interim financial results for the six month period ended 31 August 2014 are expected to be released on SENS on or about 8 October 2014. Tyger Valley 23 September 2014 JSE sponsor: PSG Capital (Pty) Ltd NSX sponsor: PSG Wealth Management (Namibia) (Pty) Ltd, member of the Namibian Stock Exchange Date: 23/09/2014 12:30:00 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.