Independence Of PSG Group
 
 
PSG Group Limited
 
Incorporated in the Republic of South Africa
 
Registration number: 1970/008484/06
 
JSE share code: PSG
 
ISIN code: ZAE000013017
 
(“PSG Group” or “the Company”)
 
 
INDEPENDENCE OF PSG GROUP
 
 
Shareholders are referred to the various recent announcements published by Steinhoff International
 
NV (“Steinhoff”) and the various media reports in relation thereto.
 
 
The board of PSG Group wishes to remind shareholders that, while Steinhoff has an equity interest of
 
25.5% in PSG Group and a non-executive board representative, Steinhoff exercises no operational or
 
investment control over PSG Group whatsoever. In addition, PSG Group and Steinhoff do not have any
 
inter-related transactions or ventures. Accordingly, PSG Group’s operations and its investment portfolio
 
are in no way impacted by the events impacting Steinhoff.
 
 
The board of PSG Group is disappointed about what has transpired at Steinhoff.
 
 
8 December 2017
 
Stellenbosch
 
 
Sponsor
 
PSG Capital
 
 
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