Change Statement and Notice of Annual General Meeting Primeserv Group Limited (Incorporated in the Republic of South Africa) (Registration number 1997/013448/06) Share code: PMV ISIN: ZAE000039277 (“Primeserv” or “the Company”) CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that the Company’s Integrated Report, incorporating the audited financial statements for the year ended 31 March 2017, was distributed to shareholders today, 29 September 2017. These annual financial statements contain two adjustments when compared to the reviewed results which were published on SENS on 23 June 2017. The effects of the adjustments are presented in the table below: Reviewed Audited 23 Jun 2017 Change 28 Sep 2017 R ‘000 R ‘000 R ‘000 Headline Earnings The headline earnings per share as per the reviewed results published on SENS on 23 June 2017 did not take into account items requiring adjustment and which are presented below: Attributable earnings 16 008 - 16 008 Headline earnings adjustments (net of tax effect) Loss on disposal of fixed assets - 171 171 Impairment of investment in property - 466 466 Impairment of intangible assets - 234 234 Attributable headline earnings 16 008 871 16 879 Headline earnings per share (cents) 17.77 0.97 18.74 Goodwill Subsequent to the publication of the reviewed results on SENS on 23 June 2017, a final goodwill amount relating to the acquisition of contracts, was determined and has resulted in an adjustment to goodwill of R356 000. As the underlying amount was paid after the year end there was no effect on earnings or cash flow. In order to provide clarity on the adjustment we present below the updated statement of financial position compared to the reviewed results as previously published. ASSETS Non-current assets 42 936 356 43 292 Equipment and vehicles 3 513 - 3 513 Investment property 7 045 - 7 045 Goodwill 20 822 356 21 178 Deferred tax asset 11 556 - 11 556 Current assets 132 781 - 132 781 Inventories 177 - 177 Trade receivables 125 651 - 125 651 Other receivables 4 256 - 4 256 Taxation receivable 634 - 634 Cash and cash equivalents 2 063 - 2 063 Total assets 175 717 356 176 073 EQUITY AND LIABILITIES Equity 106 170 - 106 170 Capital and reserves 114 426 - 114 426 Non-controlling interest (8 256) - (8 256) Current liabilities 69 547 356 69 903 Trade and other payables 31 454 356 31 810 Bank borrowings 38 093 - 38 093 Total equity and liabilities 175 717 356 176 073 Annual General Meeting Notice is hereby given, in terms of section 62(1) of the Companies Act, 71 of 2008 (as amended) (“the Act”), that the annual general meeting of the shareholders of Primeserv Group Limited (“Primeserv”/”the Company”) will be held at Protea Hotel Wanderers, Corner of Corlett Drive and Rudd Road, Johannesburg at 09:30 on Friday, 17 November 2017 to transact the business of the meeting as set out in the Notice of Annual General Meeting which is contained in the Integrated Annual Report. The record date on which shareholders must be registered as such in the Company’s securities register determining which shareholders are entitled to attend and vote at the annual general meeting is Friday, 10 November 2017. The Company’s Integrated Annual Report will also be made available on its website www.primeserv.co.za. Johannesburg 29 September 2017 Sponsor Grindrod Bank Limited Date: 29/09/2017 10:40:00 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.