PSG GROUP LIMITED - Updated Sum-Of-The-Parts Value Per Share

Updated Sum-Of-The-Parts Value Per Share

PSG Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1970/008484/06
Share code: PSG
ISIN code: ZAE000013017
(“PSG Group”)

PSG Financial Services Limited
(Incorporated in the Republic of South Africa)
Registration number: 1919/000478/06
Share code: PGFP
ISIN code: ZAE000096079
(“PSG Financial Services”)

UPDATED SUM-OF-THE-PARTS VALUE PER SHARE

PSG Group, an investment holding company, continues to use the sum-of-
the-parts (“SOTP”) value to provide management and investors with a
realistic and transparent way of valuing PSG Group. The calculation of
the SOTP value is simple and requires limited subjectivity as
approximately 86% of the value is calculated using JSE-listed share
prices, while other assets and liabilities are included at market-
related valuations.

As previously communicated, in order to provide investors with an up
to date indicative SOTP value, PSG Group’s website (www.psggroup.co.za)
contains an online tool whereby PSG Group’s SOTP value is calculated
based on approximately 15-minute delayed JSE-listed share prices for
its listed investments, while all other information is updated when
material changes occur. It is for this reason that PSG Group’s SOTP
value has been updated following the recent Curro Holdings Ltd (“Curro”)
rights offer in terms of which PSG Financial Services acquired 20.3m
additional Curro ordinary shares. PSG Group management consequently
would like to advise that as at the close of business on 1 June 2016,
the SOTP value per PSG Group share was R203.83.

The information provided is for general information purposes only and
does not constitute an offer to sell any securities or constitute
investment advice relating to securities or a representation that the
security is a suitable or appropriate investment for any person or
warrants any share price value in any form. Investors are advised to
give independent consideration to and conduct independent investigation
with regards to this information and the value of PSG Group shares, and
to obtain investment advice from their independent financial advisors.
The information contained in this announcement has not been reviewed
or reported on by the auditor of PSG Group.

Stellenbosch
9 June 2016

Sponsor
PSG Capital

Date: 09/06/2016 09:00:00 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.