PSG
 
PSG - PSG Group Limited - Results of offer by PSG to all Capitec Shareholders
 
PSG Group Limited
 
Incorporated in the Republic of South Africa
 
Registration number 1970/008484/06
 
JSE share code: PSG & ISIN: ZAE000013017
 
("PSG")
 
RESULTS OF OFFER BY PSG GROUP LIMITED TO ALL CAPITEC BANK HOLDINGS LIMITED
 
("CAPITEC") SHAREHOLDERS
 
The voluntary offer made by PSG to all Capitec shareholders to acquire up to a
 
maximum of 34,9% of the issued ordinary share capital of Capitec("the offer")
 
closed at 09:00 on Monday, 18 June 2007.
 
Further to announcement made on SENS on Friday, 15 June 2007, shareholders are
 
advised that the approval of the South African Reserve Bank has been received,
 
thus fulfilling the only suspensive condition.
 
The results of the offer are as follows:
 
13,892,036 Capitec ordinary shares have been offered by Capitec shareholders.
 
PSG has accepted 13,540,277 Capitec ordinary shares, resulting in PSG holding
 
34,9% of the issued ordinary share capital of Capitec. The offer acceptances
 
have been reduced on a proportional basis ensuring an equitable treatment to all
 
shareholders.
 
PSG in order to procure settlement will issue 19,694,333 PSG ordinary shares to
 
those Capitec shareholders accepting the offer ("offer participants") as
 
settlement in terms of the offer.
 
Share certificates in respect of the offer will be posted to certificated offer
 
participants on or about Friday, 22 June 2007.
 
Dematerialised offer participants will have their accounts with their Central
 
Security Depository Participants (CSDPs) or brokers credited on Friday, 22 June
 
2007 with the PSG ordinary shares as settlement of the offer consideration.
 
Stellenbosch
 
20 June 2007
 
Sponsor
 
PSG Capital (Pty) Ltd
 
Date: 20/06/2007 15:15:01 Produced by the JSE SENS Department.