Further Cautionary Announcement
 
 
PSG GROUP LIMITED
 
(Incorporated in the Republic of South Africa)
 
(Registration number: 1970/008484/06)
 
JSE share code: PSG
 
ISIN code: ZAE000013017
 
LEI code: 378900CD0BEE79F35A34
 
(the “Company” or “PSG Group”)
 
 
FURTHER CAUTIONARY ANNOUNCEMENT
 
 
PSG Group shareholders (“Shareholders”) are referred to PSG Group’s detailed cautionary announcement dated
 
1 March 2022 (“Initial Cautionary Announcement”), advising Shareholders that the board of directors of the
 
Company (“Board”) has, in principle, resolved to investigate the possibility of unlocking of value for the benefit of
 
Shareholders, through the PSG Group Restructuring (as defined in the Initial Cautionary Announcement), although
 
the final decision to proceed and the exact manner of doing so will be subject to, inter alia, certain funding and
 
regulatory conditions being met.
 
 
The Board is still in the process of investigating such possibility and is seriously considering the PSG Group
 
Restructuring. Accordingly, Shareholders are advised to continue exercising caution when dealing in the Company’s
 
securities until a further announcement is made, which is expected to occur on or about 25 April 2022.
 
 
RESPONSIBILITY STATEMENT
 
 
The Board individually and collectively accepts full responsibility for the accuracy of the information contained in this
 
announcement. In addition, the Board certifies that to the best of its knowledge and belief, the information contained
 
in this announcement is true and, where appropriate, does not omit anything that is likely to affect the importance of
 
the information contained herein, and that all reasonable enquiries to ascertain such information have been made.
 
 
Stellenbosch
 
13 April 2022
 
 
Transaction Advisor and Sponsor - PSG Capital
 
 
Independent Joint Sponsor - Tamela Holdings Proprietary Limited
 
 
Legal Advisor as to South African law - Cliffe Dekker Hofmeyr Incorporated
 
 
Date: 13-04-2022 05:00:00
 
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