Trading Statement And Release Of Financial Results 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”) RECURRING HEADLINE EARNINGS PSG Konsult uses the recurring headline earnings per share benchmark to provide management and investors with a realistic and transparent way of evaluating its earnings performance. Once-off items are excluded from recurring headline earnings. PSG KONSULT TRADING STATEMENT AND RELEASE OF FINANCIAL RESULTS In terms of the Listings Requirements of JSE Limited (“JSE Listings Requirements”), a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from that of the previous corresponding period. In compliance with the JSE Listings Requirements, shareholders are advised that a review of the financial results for the year ended 28 February 2017 by management has indicated that a reasonable degree of certainty exists that for the year ended 28 February 2017: • Recurring headline earnings per share will be between 36.8 cents and 37.6 cents, being between 15% and 17% higher than the 32.1 cents reported for the year ended 29 February 2016; • Headline earnings per share will be between 36.8 cents and 37.6 cents, being between 61% and 64% higher than the 22.9 cents reported for the year ended 29 February 2016; and • Attributable earnings per share will be between 36.9 cents and 37.6 cents, being between 60% and 63% higher than the 23.0 cents reported for the year ended 29 February 2016. The increase in attributable and headline earnings is due to a non- recurring R115 million tax settlement agreement concluded with the South African Revenue Service in the 2016 financial year. The financial information on which this trading statement is based has not been reviewed or reported on by PSG Konsult’s auditors. PSG Konsult’s financial results for the financial year ended 28 February 2017 are expected to be released on Stock Exchange News Service ("SENS") of the Johannesburg Stock Exchange ("JSE") and the Namibian Stock Exchange (“NSX”) on or about Thursday, 13 April 2017. Tyger Valley 31 March 2017 JSE sponsor: PSG Capital Proprietary Limited NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited, member of the Namibian Stock Exchange Date: 31/03/2017 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.