PSG
 
PSG - PSG Group - Announcement Relating To The Disposal Of 34.6% Interest In
 
Channel Life Limited
 
PSG GROUP LIMITED
 
Incorporated in the Republic of South Africa
 
Registration number 1970/008484/06
 
JSE share code: PSG
 
and
 
- the net proceeds would have earned interest at an after tax
 
interest rate of 7.92%.
 
2. The increase in earnings and headline earnings per share when
 
calculating the pro forma financial effects is the result of Channel
 
Life's equity accounted loss for the six months ended 31 August 2008
 
included in the "Unaudited Before the transaction" column having been
 
replaced by after tax interest income (i.e. a profit) in the "Pro
 
forma After the transaction" column.
 
3. The net asset value and net tangible asset value per share figures in
 
the "Pro forma After the transaction" column have been calculated on
 
the basis that the transaction was effected on 31 August 2008.
 
Stellenbosch
 
9 February 2009
 
PSG Capital (Pty) Limited
 
Sponsor to PSG Group
 
Date: 09/02/2009 08:35:41 Produced by the JSE SENS Department.
 
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