Exercise And Related Net-Cash Settlement Of Share Options In Terms Of The PSG Group Limited Supplementary SIT PSG GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1970/008484/06) JSE Limited (“JSE”) share code: PSG ISIN: ZAE000013017 (“PSG Group”) EXERCISE AND RELATED NET-CASH SETTLEMENT OF SHARE OPTIONS IN TERMS OF THE PSG GROUP LIMITED SUPPLEMENTARY SHARE INCENTIVE TRUST (“SIT”) Upon the exercise of the share options referred to below, PSG Group elected to settle same on a net-cash basis given the requirement for executive directors to reduce debt obligations. Accordingly, no shares were traded and there is therefore no obligation to report same. Due to the net-cash settlement, the executive directors did not receive any PSG Group shares in respect of such options exercised, but only the net after-tax amount in cash. In the interest of transparency, the following information regarding the exercise of options is consequently disclosed: 1. NAME OF DIRECTOR PJ Mouton COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R83.23 (1) R136.84 (2) R178.29 (3) R237.31 (4) NUMBER OF OPTIONS EXERCISED 165 471 (1) 18 673 (2) 20 998 (3) 21 051 (4) EXERCISE DATE OF OPTIONS 30 April 2019 (1) – (4) PERIOD OF EXERCISE Participants have a 180-day period (1) – (4) from the vesting date of 28 February 2019 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R265.08 per share and related net-cash settlement (Off- market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 2. NAME OF DIRECTOR WL Greeff COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R83.23 (1) R136.84 (2) R178.29 (3) NUMBER OF OPTIONS EXERCISED 150 357 (1) 14 352 (2) 13 718 (3) EXERCISE DATE OF OPTIONS 30 April 2019 (1) – (3) PERIOD OF EXERCISE Participants have a 180-day period (1) – (3) from the vesting date of 28 February 2019 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R265.08 per share and related net-cash settlement (Off- market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION 3. NAME OF DIRECTOR JA Holtzhausen COMPANY OF WHICH I AM A PSG Group Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R83.23 (1) R136.84 (2) R178.29 (3) NUMBER OF OPTIONS EXERCISED 150 561 (1) 14 747 (2) 13 220 (3) EXERCISE DATE OF OPTIONS 30 April 2019 (1) – (3) PERIOD OF EXERCISE Participants have a 180-day period (1) – (3) from the vesting date of 28 February 2019 during which the options can be exercised NATURE OF TRANSACTION Exercise of share options by the director at the closing price on the exercise date of R265.08 per share and related net-cash settlement (Off- market transaction) NATURE AND EXTENT OF Direct, Beneficial INTEREST IN THE TRANSACTION Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. Stellenbosch 3 May 2019 Sponsor PSG Capital Date: 03/05/2019 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.