PSV HOLDINGS LIMITED - Change to the Board of Directors Appointment of a Director

Change to the Board of Directors – Appointment of a Director

PSV Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV ISIN: ZAE000078705
("PSV" or “the Company”)


CHANGE TO THE BOARD OF DIRECTORS – APPOINTMENT OF A DIRECTOR


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 Mr Douglas Austen Lorimer has been appointed as
an independent non-executive director and the Chairman of the Audit and Risk Committee of PSV with
effect from 17 May 2019.

Douglas, who has a Bachelor of Business Science, Information Systems from UCT, is a qualified actuary.
He has a broad financial background, having worked in investment banking both as a quantitative analyst
and a primary markets transactor at Absa Capital, in retail banking as an executive committee member at
RMB Private Bank, and in insurance at Momentum.

Douglas currently owns and manages Verdigris, a structured finance advisory consultancy, whilst also
fulfilling the role of non-executive director for various financial structures. These roles include audit
committee chairman for NewGold, Africa’s largest gold exchange-traded fund, and board chairman for Absa
Home Loans 101, which houses in excess of R50 billion of home loan assets.

The Board welcomes Douglas and looks forward to his contribution to the Company.


Johannesburg
20 May 2019

Designated Adviser
Merchantec Capital

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