Trading Statement PSV Holdings Limited Incorporated in the Republic of South Africa (Registration number 1998/004365/06) Share code: PSV ISIN: ZAE000078705 (“PSV”) TRADING STATEMENT In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the six months ended 31 August 2016 by management has indicated that: - the basic loss per share (“LPS”) is expected to be between 0.18 cents and 0.72 cents, reflecting a decrease in the loss of between 73.6% and 93.6% compared to the LPS of 2.74 cents for the six months ended 31 August 2015; and - the headline loss per share (“HLPS”) is expected to be between 0.57 cents and 0.25 cents, reflecting a decrease in the loss of between 63.9% and 83.9% compared to the HLPS of 1.57 cents for the six months ended 31 August 2015. The financial information on which this trading statement is based has not been reviewed or reported on by PSV’s auditors. PSV's interim financial results are expected to be released on SENS on or about 1 November 2016. Johannesburg 18 October 2016 Designated Adviser Merchantec Capital Date: 18/10/2016 11:40:00 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.