PGFP PSG
 
PSG/PGFP - PSG Group - Trading Statement and Terms Announcement
 
PSG Group Limited
 
Incorporated in the Republic of South Africa
 
Registration number 1970/008484/06
 
JSE share code: PSG
 
- interest income was taxed at 29%; and
 
- the after tax earnings attributable to the 15% interest in JSE
 
for the six months ended 31 August 2006 of R227.9 million has
 
been excluded.
 
(3) The net asset value and net tangible asset value per share figures in
 
Column 2 have been calculated on the basis that the transaction was
 
effected on 31 August 2006 based on the following assumptions:
 
- the total aggregate disposal consideration less capital gains tax
 
at 14.5% was received on that date; and
 
- the after tax carrying value of the 15% interest in JSE as at 31
 
August 2006 has been excluded.
 
6. Rationale for the disposalPSG Group was unsuccessful in its stated
 
objective to increase its strategic investment in JSE beyond 15% and to
 
obtain JSE board representation. With no prospect of this situation
 
changing in future, PSG Group decided to dispose of its 15% interest in
 
JSE.
 
7. Application of disposal consideration
 
The disposal consideration will be used to make further strategic
 
investments.
 
Stellenbosch
 
15 March 2007
 
Sponsor to PSG Group
 
PSG Capital Limited
 
Date: 15/03/2007 12:26:00 Produced by the JSE SENS Department.