PGFP PSG
 
PSG/PGFP - PSG Group / PSG Financial Services - Trading Statement
 
PSG GROUP LIMITED
 
Incorporated in the Republic of South Africa
 
Registration number 1970/008484/06
 
JSE share code: PSG ISIN: ZAE000013017
 
("PSG")
 
PSG Financial Services Limited
 
Incorporated in the Republic of South Africa
 
Registration number 1919/000478/06
 
JSE share code: PGFP ISIN code: ZAE000096079
 
RECURRING HEADLINE EARNINGS
 
PSG continues to use the recurring headline earnings method to provide
 
management and investors with a more realistic and transparent way of evaluating
 
PSG's earnings performance. Consolidated recurring headline earnings represent
 
the sum of PSG's effective interest in that of each strategic investment,
 
regardless of its percentage shareholding. The result is that investments in
 
which PSG or an underlying investment holds less than 20% and are generally not
 
equity accountable in terms of accounting standards, are included in the
 
calculation of our consolidated recurring headline earnings. Marked-to-market
 
fluctuations and one-off items are excluded.
 
TRADING STATEMENT
 
In terms of the Listings Requirements of the JSE Limited, a listed company is
 
required to publish a trading statement as soon as it becomes aware that the
 
financial results for the next period to be reported on will show a 20% or more
 
difference from those of the previous corresponding period.
 
PSG hereby advises that a reasonable degree of certainty exists that, for the
 
year ended 29 February 2012:
 
- recurring headline earnings will be between 308 cents and 310 cents per
 
share or between 27.3% to 28.2% higher; and
 
- headline earnings will be between 325 cents and 327 cents per share or
 
between 6.0% to 6.6% higher; and
 
- attributable earnings will be between 403 cents and 406 cents per share or
 
between 4.3% to 5.0% lower
 
than that for the year ended 28 February 2011.
 
This financial information has not been reviewed and reported on by the auditor
 
of PSG Group Limited. The results for the year ended 29 February 2012 will be
 
published on or about 16 April 2012.
 
Stellenbosch
 
13 April 2012
 
PSG Capital
 
Sponsor to PSG
 
Date: 13/04/2012 17:23:01 Produced by the JSE SENS Department.
 
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