Publication Of The Guarantor's Interim Financial Results For The Six Months Ended 31 August 2019 PSG KONSULT TREASURY LIMITED Incorporated in the Republic of South Africa (Registration No. 2014/196582/06) Company Code: BICAP Stock Code: KST01 ISIN Code: ZAG000145285 (“the Company”) PUBLICATION OF THE GUARANTOR’S INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019 The interim financial results of the guarantor of the Company, PSG Konsult Limited (“the Guarantor”), for the 6 months ended 31 August 2019, are available at https://www.psg.co.za/files/investor- relations/financial-information/PSGKH12020.pdf or may be requested and obtained in person, at no charge, at the registered office of the Company during office hours. The interim financial results of the Guarantor include a restatement of the prior comparative period’s condensed consolidated income statement, in terms of which the Guarantor reassessed its presentation of revenue from contracts with customers for the six months ended 31 August 2018, in accordance with the requirements of IFRS 15 – Revenue from contracts with customers. This income was previously included in commission and other fee income and other operating income; however, it has now been separately disclosed on the condensed consolidated income statement. This restatement had no impact on the current or prior year reported earnings, diluted earnings or headline earnings per share, or on the net asset value or net cash flow. Tyger Valley 10 October 2019 Debt Sponsor PSG Capital Date: 10/10/2019 11:30:00 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.