Joint Announcement: Finalisation Announcement PSV HOLDINGS LIMITED WINDFALL 28 INVESTMENTS Incorporated in the Republic of South Africa PROPRIETARY LIMITED (Registration number 1998/004365/06) Incorporated in the Republic of South Africa Share code: PSV ISIN: ZAE000078705 (Registration number 2008/026282/07) ("PSV") ("Windfall") JOINT ANNOUNCEMENT: FINALISATION ANNOUNCEMENT Further to the announcements released on SENS on 14 April 2015 and 15 May 2015 and using the terms defined therein unless otherwise stated, shareholders are hereby advised that as of close of business 18 June 2015, 1 acceptance has been received representing 5 Ordinary Shares and less than 0.00001% of the Ordinary Shares in issue. In light of the number of acceptances received thus far, the last remaining Condition Precedent to the Mandatory Offer, being the requirement to obtain the approval and consent of the Competition Authorities if during the Offer Period Windfall were to acquire more than 50% of the issued share capital of PSV, is not required and the Mandatory Offer is now unconditional and that the salient dates previously advised remain unchanged. Shareholders are referred to the announcement released on SENS on 15 May 2015 for the salient dates. Johannesburg 19 June 2015 Corporate and Designated Adviser to PSV Merchantec Capital Legal Adviser to Windfall Eversheds (SA) Inc Date: 19/06/2015 12:18:00 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.