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 Mr Ian Schmidt has resigned as Chief Financial Officer of PSV with effect from 31 March 2019. The Board thanks Ian for his contribution to PSV and wishes him well in his future endeavours. Furthermore the Board is pleased to announce that Mr Roger Pitt, currently an independent non-executive director of the Board and the Chairman of the Audit and Risk Committee, has been appointed as the new Chief Financial Officer with effect from 31 March 2019. Roger is a chartered accountant, with B.Com (Hons)(Accounting) degree from the University of Johannesburg. After completing his articles, Roger moved into corporate finance where he gained broad experience in the full scope of corporate actions. Thereafter, Roger acquired and ran an import and distribution business within the baby industry while continuing to serve as an independent non-executive director of various listed and private companies. The Board welcomes Roger into his new role within PSV and looks forward to his continued contribution. Johannesburg 27 March 2019 Sponsor Merchantec Capital Date: 27/03/2019 05:05:00 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.