Appointment Of Independent Chairman PSG Group Limited Incorporated in the Republic of South Africa Registration number: 1970/008484/06 Share code: PSG ISIN code: ZAE000013017 (“PSG Group”) PSG Financial Services Limited Incorporated in the Republic of South Africa Registration number: 1919/000478/06 Share code: PGFP ISIN code: ZAE000096079 (“PSG Financial Services”) APPOINTMENT OF INDEPENDENT CHAIRMAN In accordance with paragraph 3.59(c) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that Mr Zitulele Luke (“KK”) Combi has been appointed as the independent chairman of the boards of PSG Group and PSG Financial Services with immediate effect. KK has established himself as a leading businessman and entrepreneur over the last 30 years and was the founder of Master Currency. He won the local Ernst & Young World Entrepreneur award in 2000 and became the first South African to be awarded World Entrepreneur for Managing Change in 2001. KK was also the executive chairman of leading BEE investment firm, Thembeka Capital, is a member of the Institute of Directors and serves on various listed and unlisted companies’ boards. The respective boards welcome the appointment of KK as chairman and look forward to his leadership. Stellenbosch 11 January 2019 Sponsor PSG Capital Date: 11/01/2019 03:30:00 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.