Exercise And Related Net-Equity Settlement Of Share Options In Terms Of The Supplementary Share Incentive Trust PSG GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1970/008484/06) JSE Limited (“JSE”) share code: PSG ISIN code: ZAE000013017 LEI code: 378900CD0BEE79F35A34 (“PSG Group”) EXERCISE AND RELATED NET-EQUITY SETTLEMENT OF SHARE OPTIONS IN TERMS OF THE PSG GROUP LIMITED SUPPLEMENTARY SHARE INCENTIVE TRUST Upon the exercise of the share options referred to below, PSG Group elected to settle same on a net-equity basis through the award of shares as detailed below: 1. NAME OF DIRECTOR PJ Mouton COMPANY OF WHICH A DIRECTOR PSG Group Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R21.39 (1) R39.47 (2) R39.11 (3) R42.91 (4) NUMBER OF OPTIONS EXERCISED 20 999 (1) 21 051 (2) 28 255 (3) 56 925 (4) EXERCISE DATE OF OPTIONS After close of business on 28 May (1) - (4) 2021 PERIOD OF EXERCISE Participants have a 180-day period (1) - (4) from the vesting date of 28 February 2021 during which the options may be exercised NATURE OF TRANSACTION Exercise of options by the director at the last traded share price of R79.74 on 28 May 2021, and related after-tax net-equity settlement by way of the award of 36 677 shares to the director (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 2. NAME OF DIRECTOR WL Greeff COMPANY OF WHICH A DIRECTOR PSG Group Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R21.39 (1) R39.11 (2) R42.91 (3) NUMBER OF OPTIONS EXERCISED 13 717 (1) 18 073 (2) 46 469 (3) EXERCISE DATE OF OPTIONS After close of business on 28 May (1) - (3) 2021 PERIOD OF EXERCISE Participants have a 180-day period (1) - (3) from the vesting date of 28 February 2021 during which the options may be exercised NAME OF ASSOCIATE Pinot Investments Proprietary Limited (1) - (3) RELATIONSHIP WITH DIRECTOR Director is a director and shareholder (1) - (3) of the associate, as well as a trustee and beneficiary of another shareholder of the associate NATURE OF TRANSACTION Exercise of options by the director at the last traded share price of R79.74 on 28 May 2021, and related after-tax net-equity settlement by way of the award of 22 390 shares to the director, with such shares to be transferred by the director to his associate for an amount equal to the R79.74 per share (Off-market transaction) NATURE AND EXTENT OF Indirect, Beneficial INTEREST IN THE TRANSACTION 3. NAME OF DIRECTOR JA Holtzhausen COMPANY OF WHICH A DIRECTOR PSG Group Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R21.39 (1) R39.11 (2) R42.91 (3) NUMBER OF OPTIONS EXERCISED 13 220 (1) 18 222 (2) 46 452 (3) EXERCISE DATE OF OPTIONS After close of business on 28 May (1) - (3) 2021 PERIOD OF EXERCISE Participants have a 180-day period (1) - (3) from the vesting date of 28 February 2021 during which the options may be exercised NATURE OF TRANSACTION Exercise of options by the director at the last traded share price of R79.74 on 28 May 2021, and related after-tax net-equity settlement by way of the award of 22 227 shares to the director (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. Stellenbosch 31 May 2021 Sponsor PSG Capital Independent joint sponsor UBS South Africa Date: 31-05-2021 05:30:00 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.