PSG GROUP LIMITED - Unbundling of Capitec Shareholding Finalisation Announcement

Unbundling of Capitec Shareholding – Finalisation Announcement

PSG GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1970/008484/06)
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
LEI code: 378900CD0BEE79F35A34
(“PSG Group” or “the Company”)

UNBUNDLING OF CAPITEC SHAREHOLDING – FINALISATION ANNOUNCEMENT

Shareholders are referred to the Company’s various announcements released on SENS,
(“Announcements”) regarding the distribution by PSG Group of 32 502 856 ordinary shares
held by it in the issued ordinary share capital of Capitec Bank Holdings Limited (“Capitec”),
comprising approximately 28.11% of the total issued ordinary share capital of Capitec, to PSG
Group ordinary shareholders (“Shareholders”) by way of a pro rata distribution in specie, in
the ratio of 14 Capitec shares for every 100 PSG Group shares held (“PSG Group
Unbundling”), including the announcement confirming Shareholder approval of the PSG
Group Unbundling on 30 July 2020, as well as to the Company’s circular in this regard, dated
1 July 2020 (“Circular”).

Capitalised terms used below and that are not otherwise defined, bear the meanings ascribed
to them in the Circular. The disclaimers set out in the Announcements and the Circular apply
to this announcement.

Shareholders are hereby advised that the remaining procedural requirements to the
implementation of the PSG Group Unbundling have been fulfilled and accordingly the PSG
Group Unbundling will be implemented in accordance with the timeline below.

                                                                                    2020
 Finalisation announcement in respect of the PSG Group                  Monday, 17 August
 Unbundling published on SENS on

 Finalisation announcement in respect of the PSG Group                 Tuesday, 18 August
 Unbundling published in the South African press on

 Last day to trade Shares in order to be recorded in the Register      Tuesday, 25 August
 to participate in the PSG Group Unbundling on

 Announcement in respect of the apportionment of tax costs in       Wednesday, 26 August
 relation to the PSG Group Unbundling for tax purposes by

 Shares trade ex right to the Capitec Distribution Shares           Wednesday, 26 August

 Announcement in respect of the cash value of fractional              Thursday, 27 August
 entitlements applicable to the PSG Group Unbundling, by
 11:00 on

 PSG Group Unbundling Record Date                                         Friday, 28 August

 PSG Group Unbundling Completion Date on which                          Monday, 31 August
 Shareholders will have their accounts at their CSDP or Broker
 updated to reflect the Capitec Distribution Shares and
 fractional entitlements


Note:

 1.     Share certificates may not be dematerialised or re-materialised between Wednesday,
        26 August 2020 and Friday, 28 August 2020, both days inclusive.


Stellenbosch
17 August 2020

Transaction Advisor and Sponsor                 
PSG Capital Proprietary Limited           

Independent Sponsor
UBS South Africa Proprietary Limited

Date: 17-08-2020 12:28:00
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