Renewal of cautionary announcement PSV Holdings Limited Incorporated in the Republic of South Africa (Registration number 1998/004365/06) Share code: PSV ISIN: ZAE000078705 (“PSV” or “the Company” or “the Group”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the previous renewal of cautionary announcements, the last of which was dated 9 September 2021, in which they were advised, inter alia, that the Company and PSV Asset Company (Pty) Ltd, which company holds the plant and equipment of the PSV Group, had been placed into business rescue; that the Company’s main trading subsidiary, PSV Industrial (Pty) Limited (“PSVI”) had been liquidated and that DNG Energy Limited (“DNG”), a material shareholder in and related party to the Company, has made various representations to the Business Rescue Practitioners (“BRPs”) and the Board regarding the potential recapitalisation of PSV by DNG, which recapitalisation is key to enabling the audits for the years ended 29 February 2020 and 28 February 2021 to proceed. As previously announced, DNG provided proof of funding for the proposal presented to the BRPs on 25 February 2021which was in turn forwarded to the largest creditor and shareholder in PSV, Regis Holdings Limited, (“Regis”), which shares have since been transferred to another Regis group entity known as Drill Stem Testing International Limited (“DSTI”), for its consideration. The proposed recapitalisation will only be able to proceed with the support of DSTI. A revised offer, amended for the matters that had concerned DSTI, was sent on 17 June 2021. DSTI has subsequently advised that it is willing to consider the offer subject to certain clarifications and conditions, which conditions will now be discussed by the parties. Shareholders are accordingly advised to continue to exercise caution when dealing in the Company’s securities until such time as further announcements relating to the business rescue process and the recapitalisation of the Company have been made. Johannesburg 21 October 2021 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 21-10-2021 03:00:00 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.