PRIMESERV GROUP LIMITED - Unaudited interim financial results for the six months ended 30 September 2020

Unaudited interim financial results for the six months ended 30 September 2020

Primeserv Group Limited
Incorporated in the Republic of South Africa
Registration number: 1997/013448/06
Share code: PMV ISIN: ZAE000039277
("Primeserv" or "the Company")


Unaudited interim financial results for the six months ended 30 September 2020


Revenue
down 20%
R323.3 million

Operating profit
down 43%
R7.0 million

Earnings per share
down 58%
4.83 cents

Headline earnings per share
down 38%
7.14 cents

Net asset value per share
up 13%
203 cents

DIVIDEND
Notice is hereby given that a gross cash dividend of 1.50 cents per share (2019: interim dividend of 1.50 cents per share) for the interim
period was declared on Thursday, 12 November 2020, payable to shareholders recorded in the share register of the Company at the close
of business on the record date appearing below. The salient dates pertaining to the interim dividend are as follows:

Last date to trade "cum" dividend                Tuesday, 19 January 2021
Date trading commences "ex" dividend           Wednesday, 20 January 2021
Record date                                       Friday, 22 January 2021
Date of payment                                   Monday, 25 January 2021

Ordinary share certificates may not be dematerialised or rematerialised between Wednesday, 20 January 2021
and Friday, 22 January 2021, both days inclusive.

Shareholders who are not exempt from the Dividend Withholding Tax of 20% will therefore receive a net
dividend of 1.20 cents per share. The Company has 122 967 031` ordinary shares in issue and its income
tax reference number is 9408/002/71/6. The dividend is being paid out of income reserves.

All times provided in this announcement are South African local times.

Where applicable, dividends in respect of certificated shares will be transferred electronically to shareholders’ bank accounts on the
payment date. Ordinary shareholders who hold dematerialised shares will have their accounts credited at their Central Securities
Depository Participant (CSDP) or broker on Monday, 25 January 2021. As cheques have been discontinued by the Company’s bankers no
dividend cheques will be distributed. Affected shareholders should contact their broker or CSDP as soon as possible to arrange for their
bank details to be loaded so that they can receive dividends via electronic funds transfer.

This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement
and does not contain full or complete details. This short form announcement has not been reviewed or audited by the Company’s
auditors. The full announcement was released on SENS on 12 November 2020 and is also available on the Company's website at
www.primeserv.co.za and at https://senspdf.jse.co.za/documents/2020/jse/isse/PMV/Interim20.pdf

Copies of the full announcement are available for inspection by appointment at the Company's registered office, at the Company's
sponsor's office or may be requested from the Company's registered office and the Company's sponsor during office hours at no charge.
Any investment decision should be based on the contents of the full announcement published on SENS and on the Company's website.

By order of the Board

DL Rose            M Abel     R Sack
Chairman            CEO       FD

12 November 2020
Illovo
Directors:
DL Rose* (Chairman)
M Abel (CEO)
B Kali*
LM Maisela#
R Sack (FD)

*Independent non-executive
#Non-executive

Registered address:
25 Rudd Road
Illovo
(PO Box 3008, Saxonwold, 2132)

Company secretary:
ER Goodman Secretarial Services (Pty) Ltd

Transfer secretaries:
JSE Investor Services (Pty) Ltd
Rennie House
19 Ameshoff Street
Braamfontein
2001

Auditors:
Mazars
54 Glenhove Road
Melrose Estate
2196

Sponsor:
Grindrod Bank Limited,
4th Floor Grindrod Towers
8A Protea Place
Sandton
2196

E-mail: productivity@primeserv.co.za

www.primeserv.co.za

Date: 12-11-2020 09:20:00
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