PSG KONSULT LIMITED - Changes to the Board and Committees

Changes to the Board and Committees

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”)

PSG KONSULT TREASURY LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2014/196582/06
Company Code: BICAP
ISIN Code: ZAG000145285
(“PSG Konsult Treasury”)

CHANGES TO THE BOARD AND COMMITTEES

In accordance with paragraph 3.59 and 6.39 of the JSE Limited Listings Requirements and
Debt Listings Requirements, respectively, the board of directors of PSG Konsult (“Board”)
wishes to advise shareholders that as part of the nominations committee's annual review, the
Board approved the following Board and committee changes, with effect from 1 March 2023:

    1. Mr Zithulele Combi (“KK”) will step down as member and chairman of the
       remuneration committee.

    2. Mr Petrus Mouton will succeed KK as chairman of the remuneration committee.

    3. Ms Zodwa Matsau has been appointed as a member of the remuneration committee.

    4. Mr Patrick Burton will step down as a member of the social and ethics committee.

    5. Ms Tamara Esau-Isaacs (“Tamara”), has informed the Board that for personal reasons
       she will be resigning as an independent non-executive director of the Board and as a
       member of the audit, risk and social and ethics committees.

    6. To enhance the overall diversity credentials and skill set of the Board, Ms Bridgitte
       Mathews (“Bridgitte”) and Ms Modi Hlobo (“Modi”) will be appointed as independent
       non-executive directors of PSG Konsult, subject to regulatory approval. They will also
       be appointed as members of the audit, risk and social and ethics committees.

       Bridgitte is a chartered accountant and holds a postgraduate certificate in advanced
       taxation from the University of South Africa. She served on various boards including
       PSG Group Limited and Redefine Properties Limited. Bridgitte currently serves on the
       board of Metair Investments Limited and on the board of trustees of WAT Trust.

       Modi is a chartered accountant with private equity and investment banking experience.
       She currently serves as senior lecturer in financial management at the University of
       Johannesburg. Her previous employment included positions at the Development Bank
       of South Africa, National Empowerment Fund and ABSA Group Limited. Modi also
       served on the board of PSG Group Limited.

Mr Andile Sangqu has requested to step down as lead independent director to balance his
workload, but will remain an independent non-executive director. Consequently, Ms Zodwa
Matsau has been appointed as lead independent non-executive director of PSG Konsult in
order to accommodate this request.

The Board would like to thank the outgoing members for their positive contribution to PSG
Konsult. The Board also extends a warm welcome to incoming directors and looks forward to
their contributions.

Tyger Valley
17 February 2023

PSG Konsult JSE Equity Sponsor: PSG Capital Proprietary Limited
PSG Konsult Treasury JSE Debt Sponsor: PSG Capital 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

Date: 17-02-2023 02:00:00
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.<BR>