Publication Of The Guarantor’s Interim Results For The Six Months Ended 31 August 2018 PSG KONSULT TREASURY LIMITED Incorporated in the Republic of South Africa (Registration Number. 2014/196582/06) Company Code: BICAP Stock Code: KST01 ISIN Code: ZAG000145285 (“the Company”) PUBLICATION OF THE GUARANTOR’S INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2018 Noteholders are hereby advised that the interim financial results of PSG Konsult Limited, the guarantor of the Company (“Guarantor”), for the 6 months ended 31 August 2018, are available on https://www.psg.co.za/investor-relations/financial-information or may be requested and obtained in person, at no charge, at the registered office of the Company during office hours. The interim financial results include a restatement of the Guarantor’s comparative period cash flow information due to a reclassification of borrowings advanced. This cash inflow was previously classified under cash flows from operating activities and has now been classified as a cash flow from financing activities, so as to more correctly reflect the nature of the cash flow. This restatement had no impact on the current or prior year reported earnings, diluted earnings or headline earnings per share, or on the net asset value or net cash flow. This cash flow was shown under client-related balances therefore there was no impact on the cash flows relating to own balances. 11 October 2018 Debt Sponsor PSG Capital Date: 11/10/2018 04:00:00 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.