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 Boy Manqoba Ngubo (“Manqoba”) has been appointed as an independent non-executive director of PSV with immediate effect. Manqoba, who completed his articles with BDO Incorporated, holds a Bachelor of Accounting Sciences from the University of the Free State and a Master’s Degree in Business Administration from the Central Oxford City School of Business, and is currently completing a Doctorate in Commerce at the University of Zululand. He is a former lecturer at the University of South Africa and the University of Zululand. Having previously served as Managing Director of Amabubo Investments Proprietary Limited, a Short Term Insurance Brokering Firm between 2014 and 2016, and Chief Financial Officer of Winnsip Financial Services, an investment and property development company, between 2016 and 2017, Manqoba resigned from the Petroleum Oil and Gas Corporation of South Africa SOC Limited (“PetroSA”) Interim Board on 8 January 2019 following his appointment on 5 July 2017. Manqoba is currently an Executive at Lurco Coal Proprietary Limited (“Lurco Coal”). Lurco Coal is a diversified commodities, beneficiation and trading business working across the value-chain to lower risk and increase efficiencies in Southern Africa, Singapore, Mauritius and London. The Board welcomes Manqoba and looks forward to his contribution to the Company. Johannesburg 18 November 2019 Designated Adviser Merchantec Capital Date: 18/11/2019 05:00:00 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.