PSG KONSULT LIMITED - Exercise Of Options And Dealings In Psg Konsult Shares By Directors and/or Their Associates
24 May, 2016 - Posted at - 16:00:00
KST 201605240043A<BR>
Exercise Of Options And Dealings In Psg Konsult Shares By Directors and/or Their Associates<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” or “the Company”)<BR>
<BR>
EXERCISE OF OPTIONS IN TERMS OF THE PSG KONSULT GROUP SHARE INCENTIVE<BR>
TRUST AND DEALINGS IN PSG KONSULT SHARES BY DIRECTORS AND/OR THEIR<BR>
ASSOCIATES<BR>
<BR>
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings<BR>
Requirements, the following information is disclosed:<BR>
<BR>
EXERCISE OF OPTIONS<BR>
<BR>
The following share options were exercised in terms of the PSG Konsult<BR>
Group Share Incentive Trust:<BR>
<BR>
1.<BR>
<BR>
NAME OF DIRECTOR FJ Gouws<BR>
COMPANY OF WHICH I AM A PSG Konsult Ltd<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
OPTION STRIKE PRICE R1.83 (1)<BR>
R2.83 (2)<BR>
R5.06 (3)<BR>
<BR>
NUMBER OF OPTIONS EXERCISED 5 000 000 (1)<BR>
3 125 000 (2)<BR>
1 587 500 (3)<BR>
<BR>
TOTAL RAND VALUE OF OPTIONS R9 150 000.00 (1)<BR>
R8 843 750.00 (2)<BR>
R8 032 750.00 (3)<BR>
<BR>
STRIKE DATE OF OPTIONS 1 July 2012 (1)<BR>
1 March 2013 (2)<BR>
1 March 2014 (3)<BR>
<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(3)<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise of<BR>
options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
2.<BR>
NAME OF DIRECTOR MIF Smith<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
OPTION STRIKE PRICE R1.54 (1)<BR>
R2.83 (2)<BR>
R5.06 (3)<BR>
<BR>
NUMBER OF OPTIONS EXERCISED 158 280 (1)<BR>
250 000 (2)<BR>
450 000 (3)<BR>
<BR>
TOTAL RAND VALUE OF OPTIONS R 243 751.20 (1)<BR>
R 707 500.00 (2)<BR>
R2 277 000.00 (3)<BR>
<BR>
STRIKE DATE OF OPTIONS 1 March 2011 (1)<BR>
1 March 2013 (2)<BR>
1 March 2014 (3)<BR>
<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(3)<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise<BR>
of options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
3.<BR>
NAME OF DIRECTOR W Theron<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON- Non-Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
OPTION STRIKE PRICE R1.54 (1)<BR>
R2.83 (2)<BR>
<BR>
NUMBER OF OPTIONS EXERCISED 1 450 308 (1)<BR>
750 000 (2)<BR>
<BR>
TOTAL RAND VALUE OF OPTIONS R2 233 474.32 (1)<BR>
R2 122 500.00 (2)<BR>
<BR>
STRIKE DATE OF OPTIONS 1 March 2011 (1)<BR>
1 March 2013 (2)<BR>
<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise of<BR>
options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
4.<BR>
NAME OF DIRECTOR DPB Hugo<BR>
COMPANY OF WHICH I AM A PSG Wealth Financial Planning<BR>
DIRECTOR Proprietary Limited(a major<BR>
subsidiary of PSG Konsult)<BR>
<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
OPTION STRIKE PRICE R1.54 (1)<BR>
R2.83 (2)<BR>
R5.06 (3)<BR>
<BR>
NUMBER OF OPTIONS EXERCISED 389 610 (1)<BR>
1 250 000 (2)<BR>
562 500 (3)<BR>
<BR>
TOTAL RAND VALUE OF OPTIONS R 599 999.40 (1)<BR>
R3 537 500.00 (2)<BR>
R2 846 250.00 (3)<BR>
<BR>
STRIKE DATE OF OPTIONS 1 March 2011 (1)<BR>
1 March 2013 (2)<BR>
1 March 2014 (3)<BR>
<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise<BR>
of options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE<BR>
TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
5.<BR>
NAME OF DIRECTOR AM Ahern<BR>
COMPANY OF WHICH I AM A PSG Asset Management Holdings<BR>
DIRECTOR Proprietary Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2015<BR>
OPTION STRIKE PRICE R2.83 (1)<BR>
R5.06 (2)<BR>
<BR>
NUMBER OF OPTIONS EXERCISED 750 000 (1)<BR>
500 000 (2)<BR>
<BR>
TOTAL RAND VALUE OF OPTIONS R2 122 500.00 (1)<BR>
R2 530 000.00 (2)<BR>
<BR>
STRIKE DATE OF OPTIONS 1 March 2013 (1)<BR>
1 March 2014 (2)<BR>
<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise<BR>
of options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
6.<BR>
<BR>
NAME OF DIRECTOR HP Visser<BR>
COMPANY OF WHICH I AM A PSG Insure Holdings Proprietary<BR>
DIRECTOR Limited (a major subsidiary of<BR>
PSG Konsult)<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
OPTION STRIKE PRICE R2.83 (1)<BR>
R5.06 (2)<BR>
<BR>
NUMBER OF OPTIONS EXERCISED 750 000 (1)<BR>
500 000 (2)<BR>
<BR>
<BR>
TOTAL RAND VALUE OF OPTIONS R2 122 500.00 (1)<BR>
R2 530 000.00 (2)<BR>
<BR>
STRIKE DATE OF OPTIONS 1 March 2013 (1)<BR>
1 March 2014 (2)<BR>
<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise of<BR>
options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
7.<BR>
<BR>
NAME OF DIRECTOR NM Gudka<BR>
COMPANY OF WHICH I AM A PSG Wealth Financial Planning<BR>
DIRECTOR Proprietary Limited(a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
OPTION STRIKE PRICE R2.83 (1)<BR>
R5.06 (2)<BR>
<BR>
NUMBER OF OPTIONS EXERCISED 625 000 (1)<BR>
450 000 (2)<BR>
<BR>
<BR>
TOTAL RAND VALUE OF OPTIONS R1 768 750.00 (1)<BR>
R2 277 000.00 (2)<BR>
<BR>
STRIKE DATE OF OPTIONS 1 March 2013 (1)<BR>
1 March 2014 (2)<BR>
<BR>
<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise of<BR>
options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
8.<BR>
<BR>
NAME OF DIRECTOR M Lansdell<BR>
COMPANY OF WHICH I AM A PSG Life Limited (a major<BR>
DIRECTOR subsidiary of PSG Konsult)<BR>
<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
OPTION STRIKE PRICE Rnil (1)<BR>
R5.06 (2)<BR>
<BR>
NUMBER OF OPTIONS EXERCISED 80 000 (1)<BR>
25 000 (2)<BR>
<BR>
TOTAL RAND VALUE OF OPTIONS Rnil (1)<BR>
R126 500.00 (2)<BR>
<BR>
STRIKE DATE OF OPTIONS 1 April 2014 (1)<BR>
1 March 2014 (2)<BR>
<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise of<BR>
options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
9.<BR>
<BR>
NAME OF DIRECTOR C Bekker<BR>
COMPANY OF WHICH I AM A PSG Life Limited (a major<BR>
DIRECTOR subsidiary of PSG Konsult)<BR>
<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
OPTION STRIKE PRICE R5.06<BR>
NUMBER OF OPTIONS EXERCISED 25 000<BR>
TOTAL RAND VALUE OF OPTIONS R126 500.00<BR>
STRIKE DATE OF OPTIONS 1 March 2014<BR>
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24<BR>
May 2016<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult through the exercise of<BR>
options (Off-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
Clearance to deal in these shares was obtained in accordance with rule<BR>
3.66 of the JSE Limited Listings Requirements.<BR>
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR<BR>
<BR>
<BR>
1.<BR>
NAME OF DIRECTOR J de V du Toit<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 1 000 000<BR>
<BR>
TOTAL RAND VALUE OF SECURITIES R7 060 000.00<BR>
<BR>
NAME OF ASSOCIATE Letoit Trust<BR>
RELATIONSHIP WITH DIRECTOR Director is a trustee and<BR>
beneficiary of the associate<BR>
NATURE OF TRANSACTION Acquisition (On-market<BR>
transaction)<BR>
NATURE AND EXTENT OF INTEREST Indirect, Non-beneficial<BR>
IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
DEALING IN SECURITIES BY A DIRECTOR<BR>
<BR>
The disposals of PSG Konsult shares listed below were made, inter alia,<BR>
to settle share incentive scheme obligations of the directors in<BR>
question.<BR>
<BR>
1.<BR>
NAME OF DIRECTOR W Theron<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 2 000 000<BR>
TOTAL RAND VALUE OF SECURITIES R14 120 000.00<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST Direct, Beneficial<BR>
IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
2.<BR>
NAME OF DIRECTOR FJ Gouws<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 9 712 500<BR>
<BR>
TOTAL RAND VALUE OF SECURITIES R68 570 250.00<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST Direct, Beneficial<BR>
IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
3.<BR>
NAME OF DIRECTOR MIF Smith<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 658 280<BR>
<BR>
TOTAL RAND VALUE OF SECURITIES R4 647 456.80<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST Direct, Beneficial<BR>
IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
Clearance to deal in these shares was obtained in accordance with rule<BR>
3.66 of the JSE Limited Listings Requirements.<BR>
<BR>
<BR>
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY<BR>
<BR>
The disposals of PSG Konsult shares listed below were made, inter alia,<BR>
to settle share incentive scheme obligations of the directors in<BR>
question.<BR>
<BR>
1.<BR>
NAME OF DIRECTOR DPB Hugo<BR>
COMPANY OF WHICH I AM A DIRECTOR PSG Wealth Financial Planning<BR>
Proprietary Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 1 486 493<BR>
<BR>
TOTAL RAND VALUE OF SECURITIES R10 494 640.58<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial<BR>
TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
2.<BR>
NAME OF DIRECTOR AM Ahern<BR>
COMPANY OF WHICH I AM A DIRECTOR PSG Asset Management Holdings<BR>
Proprietary Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06 (1) & (2)<BR>
<BR>
NUMBER OF SECURITIES TRANSACTED 450 000 (1)<BR>
400 000 (2)<BR>
TOTAL RAND VALUE OF SECURITIES R3 177 000.00 (1)<BR>
R2 824 000.00 (2)<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
(1)<BR>
Disposal (Off-market transaction)<BR>
(2)<BR>
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial<BR>
TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
3.<BR>
NAME OF DIRECTOR NM Gudka<BR>
COMPANY OF WHICH I AM A DIRECTOR PSG Wealth Financial Planning<BR>
Proprietary Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 650 000<BR>
<BR>
TOTAL RAND VALUE OF SECURITIES R4 589 000.00<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial<BR>
TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
4.<BR>
<BR>
NAME OF DIRECTOR HP Visser<BR>
COMPANY OF WHICH I AM A DIRECTOR PSG Insure Holdings Proprietary<BR>
Limited (a major subsidiary of PSG<BR>
Konsult)<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 1 250 000<BR>
TOTAL RAND VALUE OF SECURITIES R8 825 000.00<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial<BR>
TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
5.<BR>
<BR>
NAME OF DIRECTOR M Lansdell<BR>
COMPANY OF WHICH I AM A DIRECTOR PSG Life Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 53 622<BR>
<BR>
TOTAL RAND VALUE OF SECURITIES R378 571.32<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial<BR>
TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
6.<BR>
<BR>
NAME OF DIRECTOR C Bekker<BR>
COMPANY OF WHICH I AM A DIRECTOR PSG Life Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 20 822<BR>
<BR>
TOTAL RAND VALUE OF SECURITIES R147 003.32<BR>
<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial<BR>
TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
Clearance to deal in these shares was obtained in accordance with rule<BR>
3.66 of the JSE Limited Listings Requirements.<BR>
<BR>
<BR>
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY<BR>
<BR>
1.<BR>
NAME OF DIRECTOR HP Visser<BR>
COMPANY OF WHICH I AM A DIRECTOR PSG Insure Holdings Proprietary<BR>
Limited (a major subsidiary of PSG<BR>
Konsult)<BR>
STATUS: EXECUTIVE/NON-EXECUTIVE Executive<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 24 May 2016<BR>
CENTS PER SHARE R7.06<BR>
NUMBER OF SECURITIES TRANSACTED 4 000 000<BR>
<BR>
TOTAL RAND VALUE OF SECURITIES R28 240 000.00<BR>
<BR>
NAME OF ASSOCIATE Nikadine Trust<BR>
RELATIONSHIP WITH DIRECTOR Director is a trustee and<BR>
beneficiary of the associate<BR>
NATURE OF TRANSACTION Disposal (On-market transaction)<BR>
NATURE AND EXTENT OF INTEREST Indirect, Beneficial<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
Tyger Valley<BR>
24 May 2016<BR>
<BR>
JSE Sponsor: PSG Capital Proprietary Ltd<BR>
NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Ltd, member of<BR>
the Namibian Stock Exchange<BR>
<BR>
Date: 24/05/2016 04:00:00 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>