Exercise And Related Net-Cash Settlement Of Share Options In Terms Of The Supplementary Share Incentive Trust 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”) EXERCISE AND RELATED NET-CASH SETTLEMENT OF SHARE OPTIONS IN TERMS OF THE PSG GROUP LIMITED SUPPLEMENTARY SHARE INCENTIVE TRUST (“SIT”) Upon the exercise of the share options referred to below, PSG Group elected to settle it on a net-cash basis. Accordingly, no shares were traded and there is therefore no obligation to report thereon. Due to the net-cash settlement, the executive directors did not receive any PSG Group shares in respect of such options exercised, but only the net after-tax amount in cash. In the interest of transparency, the following information regarding the exercise of options is consequently disclosed: 1. NAME OF DIRECTOR PJ Mouton COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R136.84 NUMBER OF OPTIONS EXERCISED 18 674 EXERCISE DATE OF OPTIONS 25 August 2020 PERIOD OF EXERCISE Participants have a 180-day period from the vesting date of 28 February 2020 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R172.91 per share and related net-cash settlement amounting to R370 464 after tax (Off-market transaction) NATURE AND EXTENT OF Direct, beneficial INTEREST IN THE TRANSACTION 2. NAME OF DIRECTOR WL Greeff COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R136.84 NUMBER OF OPTIONS EXERCISED 14 350 EXERCISE DATE OF OPTIONS 25 August 2020 PERIOD OF EXERCISE Participants have a 180-day period from the vesting date of 28 February 2020 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R172.91 per share and related net-cash settlement amounting to R284 682 after tax (Off-market transaction) NATURE AND EXTENT OF Direct, beneficial INTEREST IN THE TRANSACTION 3. NAME OF DIRECTOR JA Holtzhausen COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R136.84 NUMBER OF OPTIONS EXERCISED 14 745 EXERCISE DATE OF OPTIONS 25 August 2020 PERIOD OF EXERCISE Participants have a 180-day period from the vesting date of 28 February 2020 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R172.91 per share and related net-cash settlement amounting to R292 519 after tax (Off-market transaction) NATURE AND EXTENT OF Direct, beneficial INTEREST IN THE TRANSACTION Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. 26 August 2020 Stellenbosch Sponsor PSG Capital Independent sponsor UBS South Africa Date: 26-08-2020 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness 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.