Dealing In PSG Shares By An Associate Of A Director PSG Group Limited Incorporated in the Republic of South Africa Registration number: 1970/008484/06 JSE share code: PSG ISIN code: ZAE000013017 (“PSG”) DEALING IN PSG SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: NAME OF DIRECTOR J de V du Toit COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 4 December 2015 CENTS PER SHARE No current value. Value per share determined on end date, being 30 June 2018 NUMBER OF SECURITIES OVER WHICH Total return swap in respect of DERIVATIVE PROVIDED 1 280 000 PSG ordinary shares TOTAL RAND VALUE OF SECURITIES No current value can be calculated. Value determined based on end date, being 30 June 2018 (commencing 4 December 2015) NAME OF ASSOCIATES Letoit Trust RELATIONSHIP WITH DIRECTOR The director is a trustee of the associate NATURE OF TRANSACTIONS Total return swap of PSG ordinary shares for the total return of a third party share to obtain reciprocal capital growth and other investment returns on the respective shares. No option to call or put shares included and no voting rights forfeited by the holder of securities (Off- market transaction) NATURE AND EXTENT OF INTEREST Indirect, non-beneficial IN THE TRANSACTIONS CLEARANCE OBTAINED Not required 7 December 2015 Stellenbosch Sponsor PSG Capital Proprietary Limited Date: 07/12/2015 05:00:00 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.