PSG : Dealing in securities by a director

PSG Group Limited

(Incorporated in the Republic of South Africa) (Registration number: 1970/008484/06)

JSE Limited ("JSE") share code: PSG

ISIN code: ZAE000013017

LEI code: 378900CD0BEE79F35A34 ("PSG")

DEALING IN SECURITIES BY A DIRECTOR

Shareholders are referred to the announcement released on the Stock Exchange News Service ("SENS") on 14 July 2020 regarding the scrip- settled hedging arrangement entered into by Mr ZL Combi in respect of 354 000 PSG shares held by him with a South African bank in terms of a two-year loan facility. This hedging arrangement has now expired and the bank has exercised its call option pursuant thereto.

In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed:

NAME OF DIRECTOR	ZL Combi
COMPANY OF WHICH A DIRECTOR	PSG Group Limited
STATUS: EXECUTIVE/NON-EXECUTIVE	Non-executive
TYPE OF SECURITIES	Shares
CLASS OF SECURITIES	Ordinary
DATE OF TRANSACTION	5 July 2022 (on expiry of	(1)
	first tranche of collar)
	12 July 2022 (on expiry of	(2)
	second tranche of collar)
NUMBER OF SECURITIES TRANSACTED	177 000	(1)
	177	000	(2)
NATURE OF TRANSACTION	Delivery of shares to a
	South African bank pursuant
	to a call option granted in
	terms of a scrip-settled
	zero-cost collar entered
	into in July 2020
	(off-market transaction)
CALL OPTION STRIKE PRICE	R49.33
TOTAL VALUE AT OPTION STRIKE	R8 731 410	(1)
PRICE	R8 731 410	(2)
NATURE AND EXTENT OF INTEREST IN	Direct, beneficial
THE TRANSACTION

Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements by virtue of the fact that the call option exercise dates were fixed for the above dates in terms of such contractual hedging arrangement. PSG Group was informed of the delivery of the above shares following final settlement, which occurred on 12 July 2022.

13 July 2022

Stellenbosch

Sponsor

PSG Capital

Independent joint sponsor

Tamela Holdings Proprietary Limited