Specific issue of shares to a director of a major subsidiary Prescient Limited Incorporated in the Republic of South Africa Registration number: 1936/008278/06 Share Code: PCT ISIN: ZAE000163531 ("Prescient" or "the Company") SPECIFIC ISSUE OF SHARES TO A DIRECTOR OF A MAJOR SUBSIDIARY Jason Kinnear, a director of PBT Technology Services (Pty) Ltd, a major subsidiary of the Company, subscribed for 2 700 000 shares in the Company at a price of 94 cents per share, being the 30 day Volume Weighted Average Price (“VWAP”) on the 8th of September 2014, which was the day the subscription agreement was signed between Jason Kinnear and the Company (the “Specific Issue”). In accordance with 5.51(g) of the Listings Requirements, shareholder approval was not required since the Specific Issue is less than 0.25% of the number of shares in issue and the price at which the shares were issued was equal to the 30 day VWAP prior to the date on which the issue was agreed in writing between the issuer and the party subscribing for the securities. These shares were issued to Jason Kinnear on 22 October 2014. Pro forma financial effects The pro forma financial effects set out below have been prepared for purposes of assisting the Company’s shareholders to assess the impact of the Specific Issue on the earnings per share (“EPS”), headline earnings per share (“HEPS”), net asset value per share (“NAV”) and tangible net asset value per share (“TNAV”). It is assumed for purposes of the pro forma financial effects that the Specific Issue took place with effect from 1 April 2013 for purpose of the statement of comprehensive income and at 31 March 2014 for purposes of the statement of financial position. The pro forma financial effects have been prepared for illustrative purposes only and, because of their nature, may not fairly present the Company’s financial position, results of its operations, changes in equity or cash flows. The pro forma financial effects are the responsibility of the Board and have not been reviewed by the auditors of the Company. Audited 31 March 2014 Before Net impact After % change EPS 4.03 - 4.03 0.0% DEPS 4.03 - 4.03 0.0% HEPS 6.53 - 6.53 0.0% DHEPS 6.53 - 6.53 0.0% NAV per share 46.61 0.09 46.71 0.2% TNAV per share 19.68 0.14 19.81 0.7% Shares in issue (million) 1 598 022 450 2 700 000 1 600 722 450 0.2% Number of shares in issue 1 571 611 336 2 700 000 1 574 311 336 0.2% (after treasury shares) Weighted average number of 1 565 528 451 2 700 000 1 568 228 451 0.2% shares in issue Notes: a. The “Audited 31 March 2014” has been extracted, without adjustment, from the audited financial statements of Prescient for the financial year ended 31 March 2014 b. The “After” column is based on the assumption that 2 700 000 Prescient ordinary shares will be issued to Jason Kinnear for a total consideration of R2.54 million. c. Interest income gained resulting from the Specific Issue amounted to an increase of R0.2m at interest rates averaging 9.50% per annum for the year ended 31 March 2014 d. Once-off transaction costs of approximately R15 000 have been incurred for the Specific Issue e. A tax rate of 28% is assumed for the pro forma adjustments. f. All adjustments above will have a continuing effect except where otherwise stated. 24 October 2014 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 24/10/2014 08:47:00 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.