PGFP PSGPSG/PGFP - PSG Group / PSG Financial Services - Trading StatementPSG GROUP LIMITEDIncorporated in the Republic of South AfricaRegistration number 1970/008484/06JSE share code: PSG ISIN: ZAE000013017("PSG")PSG Financial Services LimitedIncorporated in the Republic of South AfricaRegistration number 1919/000478/06JSE share code: PGFP ISIN code: ZAE000096079RECURRING HEADLINE EARNINGSPSG continues to use the recurring headline earnings method to providemanagement and investors with a more realistic and transparent way of evaluatingPSG's earnings performance. Consolidated recurring headline earnings representthe sum of PSG's effective interest in that of each strategic investment,regardless of its percentage shareholding. The result is that investments inwhich PSG or an underlying investment holds less than 20% and are generally notequity accountable in terms of accounting standards, are included in thecalculation of our consolidated recurring headline earnings. Marked-to-marketfluctuations and one-off items are excluded.TRADING STATEMENTIn terms of the Listings Requirements of the JSE Limited, a listed company isrequired to publish a trading statement as soon as it becomes aware that thefinancial results for the next period to be reported on will show a 20% or moredifference from those of the previous corresponding period.PSG hereby advises that a reasonable degree of certainty exists that, for theyear ended 29 February 2012:- recurring headline earnings will be between 308 cents and 310 cents pershare or between 27.3% to 28.2% higher; and- headline earnings will be between 325 cents and 327 cents per share orbetween 6.0% to 6.6% higher; and- attributable earnings will be between 403 cents and 406 cents per share orbetween 4.3% to 5.0% lowerthan that for the year ended 28 February 2011.This financial information has not been reviewed and reported on by the auditorof PSG Group Limited. The results for the year ended 29 February 2012 will bepublished on or about 16 April 2012.Stellenbosch13 April 2012PSG CapitalSponsor to PSGDate: 13/04/2012 17:23:01 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.