PSG KONSULT LIMITED - PSG Group Unbundling of Interest of PSG Konsult

PSG Group Unbundling of Interest of PSG Konsult

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: ZAE000191417
LEI Code: 378900ECF3D86FD28194
(“PSG Konsult” or the “Company”)

PSG GROUP UNBUNDLING OF INTEREST OF PSG KONSULT

Shareholders are referred to the announcement published by PSG Group Limited ("PSG Group") today, 1
March 2022 regarding the proposed restructure of PSG Group, including the proposed pro rata distribution
in specie of PSG Group's shareholding in PSG Konsult to PSG Group shareholders. PSG Group currently
holds 60,8% of PSG Konsult's total outstanding shares.

PSG Group has been a long term, supportive and value-adding shareholder of PSG Konsult. In this context,
PSG Konsult is appreciative of the value added by PSG Group and acknowledges the strategic rationale
behind this restructure to unlock shareholder value. PSG Group intends to remain a committed and
supportive strategic shareholder of PSG Konsult until the implementation of the proposed unbundling.

Strategic shareholders of PSG Group, including the Founding members, post the proposed unbundling,
continue to hold what will now become a direct interest in PSG Konsult and remain committed to PSG
Konsult and its strategy.

The proposed change in the shareholding structure of PSG Konsult as a consequence of the proposed
unbundling will not impact our business model, operations or capital and solvency position and the
management team remain committed to delivering on PSG Konsult's strategy and growth potential.

The proposed unbundling remains subject to conditions precedent customary for transactions of this
nature, including PSG Group obtaining the necessary regulatory and shareholder approvals.

Tyger Valley
1 March 2022

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: 01-03-2022 08:48:00
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