PSG Konsult Credit Rating Upgraded 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” or “the Company”) PSG KONSULT CREDIT RATING UPGRADED Shareholders are advised that the rating agency Global Credit Rating Company (“GCR”) upgraded PSG Konsult’s long-term rating to A- (previously BBB+) and its short-term rating to A1- (previously A2) today. It also confirmed the outlook for both ratings as stable. This is the highest credit rating PSG Konsult has received to date. PSG MANAGEMENT’S COMMENT Commenting on GCR’s upgrade and recognition of PSG Konsult’s achievements, Mike Smith, PSG Konsult’s Chief Financial Officer, said, “The rating upgrade reflects PSG Konsult’s ability to deliver sustained and consistent growth in earnings, even during weak economic periods. We will continue to focus on improving operating margins in the coming year and on prioritising organic growth in the domestic market.” GCR’S RATING RATIONALE GCR states, “PSG Konsult’s upgrade reflects its conservative balance sheet fundamentals, risk profile and sound earnings capacity. The Company has been successful in executing its business plan, which has seen its business profile continue to strengthen, supported by robust growth in revenue and earnings over recent years. This has followed the well-defined strategy to refocus on core operations, which has allowed for the capturing of additional margin in the asset management and insurance businesses, albeit still anchored by its traditional, uniquely positioned advisory franchise network.” Tyger Valley 13 July 2016 JSE sponsor: PSG Capital Proprietary Limited NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited, member of the Namibian Stock Exchange Date: 13/07/2016 02:15:00 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.