Trading Statement PSV Holdings Limited Incorporated in the Republic of South Africa (Registration number 1998/004365/06) Share code: PSV ISIN: ZAE000078705 ("PSV") TRADING STATEMENT In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the year ended 28 February 2015 by management has indicated that: - the basic loss per share is expected to be between 11.34 cents and 9.28 cents, reflecting a decrease of between 1 697% and 1 407%; and - the headline loss per share is expected to be between 10.02 cents and 8.20 cents, reflecting a decrease of between 471% and 404%; compared to the basic earnings per share of 0.71 cents and the headline earnings per share of 2.70 cents for the for the year ended 28 February 2014. The Group’s trading results have been detrimentally impacted by strike action, excessive load shedding, weak copper prices and the liquidation of major customers. The financial information on which this trading statement is based has not been reviewed or reported on by PSV’s auditors. PSV's audited financial results are expected to be released on SENS on or about 29 May 2015. Johannesburg 22 May 2015 Sponsor Merchantec Capital Date: 22/05/2015 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.