Updated Sum-Of-The-Parts Value Per Share
 
 
PSG GROUP LIMITED
 
(Incorporated in the Republic of South Africa)
 
Registration number: 1970/008484/06
 
Share code: PSG
 
ISIN code: ZAE000013017
 
(“PSG Group”)
 
 
PSG FINANCIAL SERVICES LIMITED
 
(Incorporated in the Republic of South Africa)
 
Registration number: 1919/000478/06
 
Share code: PGFP
 
ISIN code: ZAE000096079
 
 
UPDATED SUM-OF-THE-PARTS VALUE PER SHARE
 
 
PSG Group, an investment holding company, continues to use the sum-
 
of-the-parts (“SOTP”) value to provide management and investors with
 
a realistic and transparent way of valuing PSG Group. The calculation
 
of the SOTP value is simple and requires limited subjectivity as
 
approximately 80% of the value is calculated using listed share
 
prices, while other investments are included at market-related
 
valuations.
 
 
As previously communicated, in order to provide investors with an
 
up to date indicative SOTP value, PSG Group’s website
 
(www.psggroup.co.za) contains an online tool whereby PSG Group’s
 
SOTP value is calculated based on approximately 15-minute delayed
 
JSE-listed share prices for its listed investments, while all other
 
information is updated when material changes occur. It is for this
 
reason that PSG Group’s SOTP value has been updated following the
 
recent bookbuild in terms of which R2.205 billion in cash was raised
 
through the issue of 9 million PSG Group ordinary shares. PSG Group
 
management consequently would like to advise that as at the close
 
of business on 14 December 2015, the SOTP value per PSG Group share
 
was R208.95.
 
 
The information provided is for general information purposes only
 
and does not constitute an offer to sell any securities or constitute
 
investment advice relating to securities or a representation that
 
the security is a suitable or appropriate investment for any person
 
or warrants any share price value in any form. Investors are advised
 
to give independent consideration to and conduct independent
 
investigation with regards to this information and the value of PSG
 
Group shares, and to obtain investment advice from their independent
 
financial advisors. The information contained in this announcement
 
has not been reviewed or reported on by the auditor of PSG Group.
 
 
Stellenbosch
 
15 December 2015
 
 
Sponsor
 
PSG Capital
 
 
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