PSG KONSULT LIMITED - Acquisition Of The Remainder Of The Short-Term Face-To-Face Advisory Insurance Brokerage Business Of AIFA

Acquisition Of The Remainder Of The Short-Term Face-To-Face Advisory Insurance Brokerage Business Of AIFA

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”)

VOLUNTARY ANNOUNCEMENT – ACQUISITION OF THE REMAINDER OF THE SHORT-
TERM FACE-TO-FACE ADVISORY INSURANCE BROKERAGE BUSINESS OF ABSA
INSURANCE AND FINANCIAL ADVISERS PROPRIETARY LIMITED (“AIFA”)

PSG Konsult, through its subsidiary PSG Wealth Financial Planning
Proprietary Limited, has concluded an agreement to acquire the
remaining short-term face-to-face advisory insurance brokerage
business from AIFA.

This acquisition is strategically aligned to PSG Konsult’s acquisition
of the Commercial and Industrial Short-Term Insurance Brokerage
Business, as announced on SENS on 26 September 2017. The business
consists of 83 advisers and over 31 000 clients with a personal lines
focus. It will be seamlessly integrated into the PSG Konsult
distribution network of PSG Insure advisers.

The acquisition is subject to conditions typical for a transaction of
this nature, including regulatory approvals, and will be funded from
existing cash resources. The acquisition will enhance PSG Insure’s
footprint across South Africa.

The acquisition falls below the threshold that requires disclosure in
terms of the JSE Listings Requirements. However, the PSG Konsult Board
deemed it appropriate to inform shareholders in the interests of full
transparency. PSG Konsult’s core focus remains organic growth.

Tyger Valley
12 February 2018

JSE sponsor and transaction advisor: PSG Capital Proprietary Limited
NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited,
member of the Namibian Stock Exchange

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