Sharenet Sites 
Sharenet Sites
Renewal of Cautionary Announcement
PSV Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV ISIN: ZAE000078705
("the Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the previous renewal of cautionary announcements, the last of which was dated
9 September 2025, shareholders are advised that the Company remains under provisional
liquidation and the proposed recapitalisation of the Company referred to therein is still under
consideration.
The Company remains aware that any corporate action will need to comply with the JSE Listings
Requirements and Takeover Regulations, where applicable. The Company will continue to inform
shareholders of the progress in this regard. A meeting has since been held between the liquidator
and DNG Energy Limited's (DNG's) attorney and a separate meeting was held with the JSE to
evaluate the prospects of the Company and a way forward.
As previously advised, DNG has met with the JSE to discuss the way forward after meeting with
the provisional liquidator and background documentation has been provided to the JSE by the
Designated Advisor. There have been further engagements with the liquidator during July to
September 2025. Subsequently, DNG made a proposal to the liquidator to take the business out
of provisional liquidation. The liquidator has since requested a motivated Section 155 scheme of
arrangement, which is expected to be submitted during October 2025.
Accordingly, shareholders are advised to continue exercising caution when dealing in the
Company's securities until a full announcement is made.
Johannesburg
21 October 2025
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 21-10-2025 01:20:00
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.
