PSV HOLDINGS LIMITED - Changes to the Board and Changes in Functions of Directors

Changes to the Board and Changes in Functions of Directors

PSV HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
JSE code: PSV ISIN: ZAE000078705
("PSV" or "the Company")


CHANGES TO THE BOARD AND CHANGES IN FUNCTIONS OF DIRECTORS

Further to the announcement released on SENS on 18 September 2018, wherein shareholders were advised
that the specific issue of shares for cash to Regis Holdings Limited had become unconditional, and in
compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of PSV
(“the Board”) hereby notifies its shareholders that the Board has been restructured, with immediate effect, as
follows:

-   Mr Carlos Fernandes has been appointed as a non-executive director of the Board and chairman of the
    Remuneration Committee.

    Carlos holds a BCom (Accounting) degree from the University of Johannesburg and an MBA (Corporate
    Finance and Entrepreneurship) from Bond University (Australia). He spent 10 years with SABMiller’s
    Africa division in Managing Director and Financial Director roles, and served on various subsidiary
    board and committees, having also led M&A, Commercial and Strategy projects across Sub-Saharan
    Africa. He currently serves as Chief Commercial Officer and member of the investment committee at
    Regis Holdings Limited.

-   Mr Roger Pitt has been appointed as an independent non-executive director of the Board and chairman
    of the Audit and Risk Committee.

    Roger is a chartered accountant with a BCom (Hons) (Accounting) degree from the University of
    Johannesburg. After completing his articles he moved into corporate finance where he gained broad
    experience in corporate actions across multiple industries. He currently owns and runs an import and
    distribution business in the medical industry and serves on the boards and committees of several
    private and listed companies.

-   Mr Eric Ratshikhopha has been appointed as chairman of the Social and Ethics Committee and has
    stepped down as Chairman of the Board.

-   Mr Anthony de la Rue has been appointed as Chairman of the Board and has stepped down as
    chairman of the Audit and Risk Committee and chairman of the Remuneration Committee.

The Board welcomes Carlos and Roger, and looks forward to their contributions to the Company.


Johannesburg
3 October 2018

Designated Adviser
Merchantec Capital

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