PSG GROUP LIMITED - Voluntary Announcement: PSG Alpha Invests in provider of Retirement Living

Voluntary Announcement: PSG Alpha Invests in provider of Retirement Living

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

VOLUNTARY ANNOUNCEMENT: PSG ALPHA INVESTS IN PROVIDER OF RETIREMENT LIVING

PSG is pleased to announce that PSG Alpha Investments Proprietary Limited
(“PSG Alpha”), a subsidiary of PSG, has acquired a 50% stake in Evergreen
Retirement Holdings Proprietary Limited (“Evergreen Lifestyle”), one of
South Africa’s leading providers of retirement living and a subsidiary of
Amdec Investments Proprietary Limited (“the Amdec Group”). The transaction
is subject to all regulatory approvals (to the extent required) being
obtained.

PSG Alpha’s investment into the retirement property sector marks a
significant new focus area for PSG. The investment will be R675 million,
one of the biggest initial cash investments by the PSG group to date.

PSG Alpha’s investment mandate is to invest in and work with businesses
that show high growth potential for the future. Evergreen Lifestyle meets
these criteria with its competitive advantage, intellectual capital and
deep-rooted expertise in the retirement property development sector, and is
ideally positioned to entrench and grow its position as one of the leading
providers in the retirement landscape in South Africa.

Evergreen Lifestyle’s offering stretches far beyond the stereotypical old-
age home with its hospital-like atmosphere and nursing-based approach to
care. Instead, their offering is a hospitality-based approach, with resort-
style facilities and amenities in all their villages. Evergreen Lifestyle’s
fundamental values and unwavering commitment to serve the aged community
will remain a key pillar going forward.

For PSG, a number of factors make this investment in Evergreen Lifestyle an
attractive company to invest in, mainly because it is one of the leading
retirement accommodation brands in South Africa and is backed by the
pioneering Amdec Group with its strong, proven track record.

The PSG Alpha investment brings together a major player in the financial
services sector and a leader on the national property front. It also
represents a long-term commitment by both parties: PSG, via its capital
investment and proven track record to assist growing new businesses, and
the Amdec Group through the construction, development and its knowledge of
the retirement sector. The aforesaid confirms both parties’ commitment to
invest in South Africa.

19 September 2017
Stellenbosch


Sponsor and Transaction Advisor
PSG Capital Proprietary Limited

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