PSG
 
PSG - PSG Group Limited - Update To Shareholders
 
PSG Group Limited
 
Incorporated in the Republic of South Africa
 
Registration number: 1970/008484/06
 
JSE share code: PSG
 
ISIN number: ZAE000013017
 
("PSG Group" or "the company")
 
UPDATE TO SHAREHOLDERS
 
Shareholders are referred to the withdrawal of PSG Group's cautionary
 
announcement dated 16 August 2011. Shareholders are hereby advised, for the
 
avoidance of doubt, that the Curro Holdings Limited unbundling out of Paladin
 
Capital Limited ("Paladin") was implemented on Monday, 15 August 2011 and that
 
the conditional intention by PSG Group to make an offer to acquire the entire
 
issued share capital of Paladin by way of a scheme of arrangement is still
 
proceeding as announced on SENS on 13 July 2011.
 
Furthermore, shareholders are advised that PSG Group has issued 5 879 306
 
ordinary shares at an average price of 4729 cents per share for a total cash
 
consideration of R278 048 076 under its general authority granted by
 
shareholders at its Annual General Meeting held on 15 June 2011. The rationale
 
for the aforementioned general issue for cash was to strengthen PSG Group's
 
balance sheet to enable it to pursue attractive investment opportunities as and
 
when same arise.
 
Stellenbosch
 
17 August 2011
 
Sponsor
 
PSG Capital
 
Date: 17/08/2011 14:56:00 Produced by the JSE SENS Department.
 
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