PSG GROUP LIMITED - Voluntary Announcement

Voluntary Announcement

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

VOLUNTARY ANNOUNCEMENT

We have noticed various misleading media reports and statements
regarding the chairman of PSG Group, Jannie Mouton. For the
avoidance of doubt and to address any inaccurate reports, please
note the following:

1.   Jannie Mouton was a non-executive director of Steinhoff
     International Holdings N.V. (“Steinhoff”) until May 2016 only.

2.   Furthermore, the entity through which Jannie Mouton held an
     indirect beneficial interest in Steinhoff commenced disposing
     of its interest in Steinhoff (comprising 7 million Steinhoff
     shares) shortly after his resignation and completed such
     disposal by June 2017. The funds obtained from such disposal
     were used to settle debt and to fund the Jannie Mouton
     Foundation, a charitable organisation focused on education and
     social upliftment in South Africa.

3.   Accordingly, neither Jannie Mouton nor the Jannie Mouton
     Foundation, currently owns any shares in Steinhoff.


Stellenbosch
12 December 2017

Sponsor: PSG Capital Proprietary Limited

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