Exercise Of Share Options In Terms Of The PSG Group Limited Supplementary Share Incentive Trust PSG GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1970/008484/06) Share code: PSG ISIN: ZAE000013017 (“PSG Group”) EXERCISE OF SHARE OPTIONS IN TERMS OF THE PSG GROUP LIMITED SUPPLEMENTARY SHARE INCENTIVE TRUST (“SIT”) In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: A) EXERCISE OF SHARE OPTIONS PREVIOUSLY GRANTED IN TERMS OF THE SIT NAME OF DIRECTOR JF Mouton COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Non-executive EXECUTIVE TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary OPTION STRIKE PRICE R61.50 (1) R83.23 (2) R136.84 (3) NUMBER OF OPTIONS EXERCISED 42 791 (1) 160 956 (2) 23 734 (3) TOTAL RAND VALUE OF OPTIONS R2 631 646.50 (1) R13 396 367.88 (2) R3 247 760.56 (3) EXERCISE DATE OF OPTIONS 31 July 2018 (1) – (3) PERIOD OF EXERCISE Participants have a 180-day (1) – (3) period from the vesting date of 28 February 2018 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director, with the resulting shares, upon their issue, to be transferred by the director to his associate for an amount equal to the closing price on the exercise date of R233.00 per share (Off- market transaction) NAME OF ASSOCIATE My Favourite Beleggings Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a trustee and discretionary beneficiary of the sole shareholder of the associate NATURE AND EXTENT OF Indirect, Beneficial INTEREST IN THE TRANSACTION B) EXERCISE AND RELATED NET SETTLEMENT OF SHARE OPTIONS PREVIOUSLY GRANTED IN TERMS OF THE SIT 1. NAME OF DIRECTOR PJ Mouton COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary OPTION STRIKE PRICE R61.50 (1) R83.23 (2) R136.84 (3) R178.29 (4) NUMBER OF OPTIONS 32 263 (1) EXERCISED 165 471 (2) 18 673 (3) 20 998 (4) TOTAL RAND VALUE OF R1 984 174.50 (1) OPTIONS R13 772 151.33 (2) R2 555 213.32 (3) R3 743 733.42 (4) EXERCISE DATE OF OPTIONS 31 July 2018 (1) – (4) NUMBER OF PSG GROUP 78 511 (1) – (4) SHARES TO BE RECEIVED AS NET SETTLEMENT PERIOD OF EXERCISE Participants have a 180-day period (1) – (4) from the vesting date of 28 February 2018 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director and related net settlement, with the resulting shares, upon their issue, to be transferred by the director to his associate for an amount equal to the closing price on the exercise date of R233.00 per share (Off-market transaction) NAME OF ASSOCIATE Heroldsbaai Investments Proprietary Limited RELATIONSHIP WITH Director is a director of the associate DIRECTOR and a trustee and discretionary beneficiary of the sole shareholder of the associate NATURE AND EXTENT OF Indirect, Beneficial INTEREST IN THE TRANSACTION 2. NAME OF DIRECTOR WL Greeff COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary OPTION STRIKE PRICE R61.50 (1) R83.23 (2) R136.84 (3) R178.29 (4) NUMBER OF OPTIONS 26 044 (1) EXERCISED 150 357 (2) 14 352 (3) 13 718 (4) TOTAL RAND VALUE OF R1 601 706.00 (1) OPTIONS R12 514 213.11 (2) R1 963 927.68 (3) R2 445 782.22 (4) EXERCISE DATE OF OPTIONS 31 July 2018 (1) – (4) NUMBER OF PSG GROUP 68 729 (1) – (4) SHARES TO BE RECEIVED AS NET SETTLEMENT PERIOD OF EXERCISE Participants have a 180-day period (1) – (4) from the vesting date of 28 February 2018 during which the options can be exercised NATURE OF TRANSACTION Exercise and related net settlement of options (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 3. NAME OF DIRECTOR JA Holtzhausen COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary OPTION STRIKE PRICE R61.50 (1) R83.23 (2) R136.84 (3) R178.29 (4) NUMBER OF OPTIONS 25 883 (1) EXERCISED 150 561 (2) 14 747 (3) 13 220 (4) TOTAL RAND VALUE OF R1 591 804.50 (1) OPTIONS R12 531 192.03 (2) R2 017 979.48 (3) R2 356 993.80 (4) EXERCISE DATE OF OPTIONS 31 July 2018 (1) – (4) NUMBER OF PSG GROUP 68 761 (1) – (4) SHARES TO BE RECEIVED AS NET SETTLEMENT PERIOD OF EXERCISE Participants have a 180-day period (1) – (4) from the vesting date of 28 February 2018 during which the options can be exercised NATURE OF TRANSACTION Exercise and related net settlement of options (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION Clearance for the above dealings was obtained in accordance with paragraph 3.66 of the JSE Limited Listings Requirements. Stellenbosch 2 August 2018 Sponsor PSG Capital Date: 02/08/2018 05:35:00 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.