Change of PSG shareholding in Capitec
 
 
CAPITEC BANK HOLDINGS LIMITED
 
(Incorporated in the Republic of South Africa)
 
(Registration number 1999/025903/06)
 
(JSE share code: CPI ISIN: ZAE000035861)
 
(“Capitec” or “the company”)
 
 
PSG Financial Services Limited
 
(Incorporated in the Republic of South Africa)
 
Registration number 1919/000478/06
 
JSE Share code: PGFP
 
ISIN code: ZAE000096079
 
 
PSG GROUP LIMITED
 
(Incorporated in the Republic of South Africa)
 
(Registration number 1970/008484/06)
 
(JSE share code: CPI ISIN: ZAE000013017)
 
(“PSG”)
 
 
CHANGE OF PSG SHAREHOLDING IN CAPITEC
 
 
Shareholders of both Capitec and PSG are notified that PSG Financial
 
Services Limited (“PSG Financial Services”), a wholly owned subsidiary of
 
PSG has, following a significant financial investment in Capitec shares
 
when it exercised its rights in terms of the November 2012 Capitec rights
 
offer (“rights offer”), disposed of a portion of its shareholding in
 
Capitec.
 
 
As the largest shareholder in Capitec, PSG Financial Services deemed it
 
important to support the rights offer by furnishing Capitec with an
 
irrevocable undertaking to the value of R724 million to take up its share
 
of the rights offer.
 
 
At the time of the rights offer, PSG Financial Services obtained funding
 
to enable it to exercise its Capitec rights. PSG has now sold the majority
 
of its Capitec rights offer shares in order to repay the debt raised in
 
respect thereof. Its shareholding has as a result reduced from 32.2% to
 
28.5%.
 
 
PSG remains positive about Capitec, its business and its management, and
 
believes that this investment will continue to be a significant
 
contributor to the future success of PSG for years to come. PSG has no
 
intention to sell any more shares in Capitec.
 
 
A significant portion of the shares disposed of by PSG Financial Services
 
was acquired by an international institutional investor. The board of
 
Capitec is very positive about the increased interest of international
 
investors in Capitec.
 
 
Stellenbosch
 
9 January 2013
 
Sponsor – PSG Capital (Pty) Limited
 
 
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