PSG
 
PSG - PSG Group - Declaration Announcement in Respect of the Results of the
 
Paladin Rights Offer
 
PSG GROUP LIMITED
 
Incorporated in the Republic of South Africa
 
(Registration number 1970/008484/06)
 
JSE share code: PSG
 
PSG ISIN: ZAE000013017
 
("PSG Group")
 
DECLARATION ANNOUNCEMENT IN RESPECT OF THE RESULTS OF THE PALADIN RIGHTS OFFER
 
PSG Group shareholders are referred to the SENS announcements dated 26 August
 
2009 and 4 September 2009 regarding the renounceable rights offer made by
 
Paladin Capital Limited ("Paladin"), a subsidiary of PSG Group, to Paladin
 
shareholders ("the Paladin Rights Offer"). In terms of the aforegoing, PSG Group
 
renounced approximately 64% of its rights in favour of PSG Group shareholders on
 
a pro rata basis. PSG Group shareholders were then able to participate in the
 
Paladin Rights Offer as if they were Paladin shareholders.
 
PSG Group shareholders are advised that the results of the Paladin Rights Offer,
 
which closed at 12:00 on Friday, 9 October 2009, are as follows:
 
Total Number of % of PSG Group's
 
Paladin Rights renounced Paladin
 
Offer shares Rights Offer
 
shares
 
Total number of Paladin Rights 77 042 636 100.00%
 
Offer shares available for
 
subscription by PSG Group
 
shareholders
 
 
Paladin Rights Offer shares 74 248 477 96.37%
 
subscribed for by PSG Group
 
shareholders
 
Reverted Paladin Rights Offer 1 328 026 1.73%
 
shares subscribed for by PSG
 
Group
 
Total number of unsubscribed 1 466 133 1.90%
 
Paladin Rights Offer shares
 
placed with identified third
 
parties
 
Total 77 042 636 100.00%
 
Holders of certificated shares will have new Paladin share certificates posted
 
to them and Central Securities Depository Participant ("CSDP") or broker
 
accounts will be updated and debited on or about Monday, 12 October 2009.
 
Stellenbosch
 
12 October 2009
 
Sponsor
 
PSG Capital
 
Date: 12/10/2009 17:46:01 Produced by the JSE SENS Department.
 
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