PSG GROUP LIMITED - Independence Of PSG Group

Independence Of PSG Group

PSG Group Limited
Incorporated in the Republic of South Africa
Registration number: 1970/008484/06
JSE share code: PSG
ISIN code: ZAE000013017
(“PSG Group” or “the Company”)

INDEPENDENCE OF PSG GROUP

Shareholders are referred to the various recent announcements published by Steinhoff International
NV (“Steinhoff”) and the various media reports in relation thereto.

The board of PSG Group wishes to remind shareholders that, while Steinhoff has an equity interest of
25.5% in PSG Group and a non-executive board representative, Steinhoff exercises no operational or
investment control over PSG Group whatsoever. In addition, PSG Group and Steinhoff do not have any
inter-related transactions or ventures. Accordingly, PSG Group’s operations and its investment portfolio
are in no way impacted by the events impacting Steinhoff.

The board of PSG Group is disappointed about what has transpired at Steinhoff.

8 December 2017
Stellenbosch

Sponsor
PSG Capital

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