Changes to the Board – Resignation and Appointment of Chief Financial Officer PSV Holdings Limited Incorporated in the Republic of South Africa (Registration number 1998/004365/06) Share code: PSV ISIN: ZAE000078705 ("PSV" or “the Company”) CHANGES TO THE BOARD – RESIGNATION AND APPOINTMENT OF CHIEF FINANCIAL OFFICER In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of PSV ("the Board") hereby notifies its shareholders that, through mutual agreement with the Company, Mr. Tony Dreisenstock has resigned as Chief Financial Officer of PSV with effect from 1 February 2019. Tony will work his six month notice period to assist the new Chief Financial Officer in taking over the role. Furthermore, the Board is pleased to announce the appointment of Ian Schmidt as the new Chief Financial Officer with effect from 1 February 2019. Ian is a Chartered Accountant with a BCom Hons (Accounting) degree from the University of Johannesburg. After completing his articles at KPMG, he gained over 12 years of senior finance and operational executive experience, and spent the last 9 years within the ABInBev Group (SABMiller prior to its acquisition in 2016) specialising in cross-border trade, supply chain and revenue management. The Board thanks Tony for his 14 years of dedication and contributions to PSV and wishes him well in his future endeavours. The Board also welcomes Ian and looks forward to his contribution to the Company. Johannesburg 1 February 2019 Sponsor Merchantec Capital Date: 01/02/2019 04:49:00 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.