PSGPSG - PSG - Reunert And PSG Undo Joint Ventrue In Quince CapitalPSG Group LimitedIncorporated in the Republic of South AfricaRegistration number 1970/008484/06Share code: PSGISIN code: ZAE000013017("PSG" or "the Company")REUNERT AND PSG UNDO JOINT VENTRUE IN QUINCE CAPITALReunert Limited ("Reunert") and PSG Group Limited ("PSG") have agreed to endtheir joint participation in Quince Capital Holdings (Pty) Limited ("Quince")formed in May 2007.The subprime crisis has the potential of greatly increasing the cost of fundingto Quince necessitating exploring alternative ways of financing the business.Such evaluation of funding options has led the partners in Quince to concludethat it would be in the interest of shareholders to undo the joint venture.Consequently, Reunert will acquire all the shares not owned by Reunert in Quincefor approximately R420 million, being the original amount invested by theexiting shareholders (including PSG), plus the retained profit in Quinceattributable to these shareholders for the period 2 May 2007 to 31 January 2008payable in cash. Simultaneously, PSG, Michiel le Roux and management willpurchase their original investments previously sold to Quince, i.e. QuinceProperty Finance (previously ZS Rational) and Quince Scripfin, from Quince. Theyshall continue to develop these profitable companies and explore furtheropportunities.The aforesaid is subject to the finalisation of formal agreements between QuinceShareholders, as well as shareholder and regulatory approvals (to the extentrequired) and, if approved, will have an effective date of 1 February 2008.Stellenbosch5 February 2008Date: 05/02/2008 16:40:01 Produced by the JSE SENS Department.The SENS service is an information dissemination service administered by theJSE Limited ('JSE'). The JSE does not, whether expressly, tacitly orimplicitly, represent, warrant or in any way guarantee the truth, accuracy orcompleteness of the information published on SENS. The JSE, their officers,employees and agents accept no liability for (or in respect of) any direct,indirect, incidental or consequential loss or damage of any kind or nature,howsoever arising, from the use of SENS or the use of, or reliance on,information disseminated through SENS.