PSG KONSULT LIMITED - PSG Konsult credit rating upgraded

KST 201408280021A<BR>
PSG Konsult credit rating upgraded<BR>
<BR>
PSG Konsult Limited<BR>
(Incorporated in the Republic of South Africa)<BR>
Registration Number: 1993/003941/06<BR>
JSE Share Code: KST<BR>
NSX Share Code: KFS<BR>
ISIN Code: ZAE000191417<BR>
(“PSG Konsult”)<BR>
<BR>
PSG KONSULT CREDIT RATING UPGRADED<BR>
<BR>
Shareholders are advised that the rating agency Global Credit<BR>
Rating Company (“GCR”) upgraded PSG Konsult's long-term rating to<BR>
BBB+ (previously BBB) today. It also confirmed PSG Konsult's short-<BR>
term rating of A2 with the outlook accorded as Stable. This is as a<BR>
result of PSG Konsult's strong operational performance over the<BR>
past two years, as well as the enhanced access to capital and other<BR>
funding offered by the JSE listing. This is the highest credit<BR>
rating PSG Konsult has received to date.<BR>
<BR>
PSG MANAGEMENT'S COMMENT<BR>
<BR>
Commenting on GCR's upgrade and recognition of PSG Konsult's<BR>
achievements, Mike Smith, PSG Konsult's Chief Financial Officer,<BR>
said, “The rating upgrade reflects the increased financial strength<BR>
and stability we have built into our business model. This is<BR>
subsequent to the successful restructure we undertook in the 2013<BR>
financial year. We are confident of further upgrades as management<BR>
demonstrates its ability to unlock sustained long-term growth in<BR>
income and operating profit regardless of market cycles.”<BR>
<BR>
GCR'S RATING RATIONALE<BR>
<BR>
GCR states, “The JSE listing is considered positively in terms of<BR>
raising PSG Konsult's profile and improving access to capital.<BR>
Combined with the low debt profile, this provides substantial<BR>
funding flexibility to undertake acquisitions or similar<BR>
transactions should the opportunities arise.”<BR>
<BR>
GCR'S FULL REPORT<BR>
<BR>
The full report is available on PSG Konsult's website:<BR>
www.psg.co.za<BR>
<BR>
<BR>
Tyger Valley<BR>
28 August 2014<BR>
JSE sponsor: PSG Capital (Pty) Ltd<BR>
NSX sponsor: PSG Wealth Management (Namibia) (Pty) Ltd, member of<BR>
the Namibian Stock Exchange<BR>
<BR>
Date: 28/08/2014 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). <BR>
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of<BR>
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, <BR>
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,<BR>
 information disseminated through SENS.<BR>