Exercise And Related Net-Cash Settlement Of Share Options And Dealing In Securities PSG KONSULT LIMITED (Incorporated in the Republic of South Africa) Registration Number: 1993/003941/06 JSE Share Code: KST NSX Share Code: KFS SEM Share Code: PSGK.N0000 ISIN Code: ZAE000191417 LEI Code: 378900ECF3D86FD28194 (“PSG Konsult” or “the Company”) EXERCISE AND RELATED NET-CASH SETTLEMENT OF SHARE OPTIONS IN TERMS OF THE PSG KONSULT GROUP SHARE INCENTIVE TRUST AND DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY Upon the exercise of the share options referred to below, PSG Konsult elected to settle same on a net-cash basis. Accordingly, no shares were traded. Due to the net-cash settlement, the executive directors did not receive any PSG Konsult shares in respect of such options exercised, but only the net after-tax amount in cash. In the interest of transparency, the following information regarding the exercise of options is consequently disclosed: 1. NAME OF DIRECTOR FJ Gouws COMPANY OF WHICH A DIRECTOR PSG Konsult Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares EXERCISE DATE OF OPTIONS 6 May 2021 OPTION STRIKE PRICE R6.81 (1) R7.59 (2) R8.74 (3) R10.15 (4) NUMBER OF OPTIONS EXERCISED 2 583 895 (1) 789 140 (2) 937 500 (3) 1 000 000 (4) PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4) the vesting date of 1 April 2021 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R11.20 per share and related net-cash settlement (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 2. NAME OF DIRECTOR MIF Smith COMPANY OF WHICH I A PSG Konsult Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares EXERCISE DATE OF OPTIONS 6 May 2021 OPTION STRIKE PRICE R6.81 (1) R7.59 (2) R8.74 (3) R10.15 (4) NUMBER OF OPTIONS EXERCISED 599 538 (1) 257 527 (2) 300 000 (3) 250 000 (4) PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4) the vesting date of 1 April 2021 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R11.20 per share and related net-cash settlement (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 3. NAME OF DIRECTOR DPB Hugo COMPANY OF WHICH A DIRECTOR PSG Wealth Financial Planning Proprietary Limited (a major subsidiary of PSG Konsult) STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares EXERCISE DATE OF OPTIONS 6 May 2021 OPTION STRIKE PRICE R6.81 (1) R7.59 (2) R8.74 (3) R10.15 (4) NUMBER OF OPTIONS EXERCISED 562 500 (1) 250 000 (2) 337 500 (3) 312 500 (4) PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4) the vesting date of 1 April 2021 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R11.20 per share and related net-cash settlement (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 4. NAME OF DIRECTOR AM Ahern COMPANY OF WHICH A DIRECTOR PSG Asset Management Holdings Proprietary Limited (a major subsidiary of PSG Konsult) STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares EXERCISE DATE OF OPTIONS 6 May 2021 OPTION STRIKE PRICE R6.81 (1) R7.59 (2) R8.74 (3) R10.15 (4) NUMBER OF OPTIONS EXERCISED 383 783 (1) 269 355 (2) 300 000 (3) 250 000 (4) PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4) the vesting date of 1 April 2021 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R11.20 per share and related net-cash settlement (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 5. NAME OF DIRECTOR NM Gudka COMPANY OF WHICH A DIRECTOR PSG Wealth Financial Planning Proprietary Limited (a major subsidiary of PSG Konsult) STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares EXERCISE DATE OF OPTIONS 6 May 2021 OPTION STRIKE PRICE R6.81 (1) R7.59 (2) R8.74 (3) R10.15 (4) NUMBER OF OPTIONS EXERCISED 628 579 (1) 298 925 (2) 300 000 (3) 250 000 (4) PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4) the vesting date of 1 April 2021 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R11.20 per share and related net-cash settlement (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 6. NAME OF DIRECTOR HP Visser COMPANY OF WHICH A DIRECTOR PSG Insure Holdings Proprietary Limited (a major subsidiary of PSG Konsult) STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares EXERCISE DATE OF OPTIONS 6 May 2021 OPTION STRIKE PRICE R6.81 (1) R7.59 (2) R8.74 (3) R10.15 (4) NUMBER OF OPTIONS EXERCISED 368 750 (1) 225 000 (2) 300 000 (3) 250 000 (4) PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4) the vesting date of 1 April 2021 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R11.20 per share and related net-cash settlement (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 7. NAME OF DIRECTOR E Wegner COMPANY OF WHICH A DIRECTOR PSG Life Limited (a major subsidiary of PSG Konsult) STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares EXERCISE DATE OF OPTIONS 6 May 2021 OPTION STRIKE PRICE R10.15 NUMBER OF OPTIONS EXERCISED 50 000 PERIOD OF EXERCISE Participants have a 5-month period from the vesting date of 1 April 2021 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R11.20 per share and related net-cash settlement (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 8. NAME OF DIRECTOR P Redshaw COMPANY OF WHICH A DIRECTOR PSG Life Limited (a major subsidiary of PSG Konsult) STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares EXERCISE DATE OF OPTIONS 6 May 2021 OPTION STRIKE PRICE R10.15 NUMBER OF OPTIONS EXERCISED 75 000 PERIOD OF EXERCISE Participants have a 5-month period from the vesting date of 1 April 2021 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R11.20 per share and related net-cash settlement (Off-market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: NAME OF DIRECTOR HP Visser COMPANY OF WHICH A DIRECTOR PSG Insure Holdings Proprietary Limited (a major subsidiary of PSG Konsult) STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Ordinary shares DATE OF TRANSACTION 7 May 2021 PRICE PER SECURITY R 11.00 NUMBER OF SECURITIES 1 000 000 TRANSACTED TOTAL RAND VALUE OF R 11 000 000 SECURITIES TRANSACTED NAME OF ASSOCIATE Nikadine Trust RELATIONSHIP WITH DIRECTOR Director is a trustee and beneficiary of the associate NATURE OF TRANSACTION Disposal (On-market transaction) NATURE AND EXTENT OF Indirect, Beneficial INTEREST Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings Requirements. Tyger Valley 10 May 2021 JSE Sponsor: PSG Capital Proprietary Limited Independent Joint JSE Sponsor: UBS South Africa Proprietary Limited NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Limited, member of the Namibian Stock Exchange SEM authorised representative and SEM Sponsor: Perigeum Capital Ltd This notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 15.24 and the Mauritian Securities Act 2005. The board of directors of PSG Konsult accepts full responsibility for the accuracy of the information contained in this Communiqué. Date: 10-05-2021 10:00:00 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.