Correction to Audited Provisional Consolidated Condensed Results Announcement for the Year Ended 31 December 2017 PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“PL Group” or “the Company”) ISIN Code: ZAE000222949 JSE Code: PEM CORRECTION TO AUDITED PROVISIONAL CONSOLIDATED CONDENSED RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2017 Shareholders are referred to the Audited Provisional Consolidated Condensed Results announcement for the year ended 31 December 2017 that was released on 20 September 2018. It should be noted that there was an error in the segment reports for the year ended 31 December 2017 and for the previous year, which has been corrected in this announcement. Segmental information The reportable segments, which represent the structures used by the Chief Operating Decision Maker, to make key operating decisions and assess performance are set out below: Reportable segment The Group's reportable segments are operating segments which are differentiated by the activities that each undertake and markets they operate in. The Group's reportable segments are operating segments which are identified on a service basis. The reportable segments identified and reported on are PLG Properties, PLG Retirement Villages and PLG Schools. The revenue earned by the Schools segment is derived from educational services. The major sources of revenue are school fees, boarding fees, aftercare fees, registration fees and sundry income. Taxation is assessed by the Chief Operating Decision Makers at a Group level and not considered separately at a segmental level. The revenue earned by the Retirement segment is primarily monthly rental and frail care fees. The revenue of PLG Properties comprises inter-segmental revenue, being rent charged on own properties. Segmental revenue, total assets, total liabilities and results The Executive Directors assess the performance of the operating segments based on the measure of operating profit. The segment information provided to the Executive Directors is presented below: Year ended 31 December 2017 PLG Retirement Inter segment PLG Properties PLG Schools Villages Other eliminations Total Revenue 3 940 124 52 379 236 28 727 070 - (3 940 124) 81 106 306 Other income 42 433 640 525 660 8 116 944 2 038 491 (45 963 855) 7 150 880 Operating expenses (16 442 369) (59 433 684) (39 310 481) (10 204 674) 12 107 670 (113 283 538) EBITDA* 29 931 395 (6 528 788) (2 466 467) (8 166 183) (37 796 309) (25 026 352) Depreciation and amortisation (68 988) (425 300) (1 623 509) 12 064 - (2 105 733)) Finance cost (155 117) (3 146 684) (82 458) (13 650) - (3 397 909) Finance income - 155 807 - 480 081 - 635 888 Profit/(Loss) before tax 29 707 290 (9 944 965) (4 172 434) (7 687 688) (37 796 309) (29 894 106) Total assets 174 470 309 49 254 904 38 790 976 175 876 443 (175 939 441) 262 453 191 Total liabilities (18 116 789) (38 509 998) (25 963 470) (612 934) 6 901 156 (76 302 035) Ten-month period ended 31 December 2016 PLG Head Office PLG PLG Hartbeespo PLG PLG PLG PLG PLG Properties Ballito Willow View ort Mellow Oaks Northriding Allens View Raslouw Springs Total Revenue 7 131 210 5 171 554 8 446 477 5 882 007 4 681 695 70 300 301 000 92 500 31 776 Other income - 60 44 143 - - - - - 31 000 - 75 203 Operating expenses (7 968 307) (5 045 762) (8 492 415) (4 088 837) (5 099 857) (602 957) (576 792) (353 970) (9 052 997) - (41 281 894) EBITDA* (837 097) 125 852 (1 795) 1 793 170 (418 162) (532 657) (275 792) (261 470) (9 021 997) - (9 429 948) Depreciation and amortisation (455 271) (81 298) (113 426) (31 926) (41 969) (5 668) (5 224) (8 594) - - (743 376) Interest received 93 81 1 376 1 062 1 056 27 74 33 - - 3 802 Finance cost (43 273) (52 834) (2 454 550) (1 306) (3 825) - - - - - (2 555 788) Profit/(Loss) before tax (1 335 548) (8 199) (2 568 395) 1 761 000 (462 900) (538 298) (280 942) (270 031) (9 021 997) - (12 725 310) Total assets 850 347 1 473 063 45 376 020 1 011 716 1 639 327 633 304 507 135 738 923 1 454 897 3 845 034 32 877 380 Total liabilities (3 192 687) (1 330 673) (25 105 175) (1 296 248) (1 203 985) (417 215) (598 534) (259 310) (7 260 582) - (38 380 811) *EBITDA – refers to Earnings before Interest, Tax, Depreciation and Amortisation. BY ORDER OF THE BOARD Johannesburg 28 September 2018 Designated Advisor Arbor Capital Sponsors Date: 28/09/2018 03:20:00 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.