Finalisation Announcement in Respect of the Scheme and Confirmation of Final Scheme Consideration PSG GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1970/008484/06 JSE Limited share code: PSG ISIN code: ZAE000013017 LEI code: 378900CD0BEE79F35A34 PSG FINANCIAL SERVICES LIMITED (Incorporated in the Republic of South Africa) Registration number: 1919/000478/06 JSE Limited share code: PGFP ISIN code: ZAE000096079 LEI code: 378900E99AFDC02B0F23 (“PSL”) FINALISATION ANNOUNCEMENT IN RESPECT OF THE SCHEME AND CONFIRMATION OF FINAL SCHEME CONSIDERATION 1. INTRODUCTION 1.1. PSL Shareholders are referred to the circular issued by PSL to the PSL Shareholders dated 9 June 2021 (“Circular”) relating to the scheme of arrangement in terms of section 114(1) of the Companies Act, proposed between PSL and the PSL Preference Shareholders, in terms of which, if successfully implemented, PSL will repurchase all of the PSL Preference Shares from the PSL Preference Shareholders (“Scheme of Arrangement”). 1.2. Capitalised terms used herein that are not otherwise defined, bear the meanings ascribed to them in the Circular. 2. FULFILMENT OF THE CONDITIONS PRECEDENT TO THE SCHEME OF ARRANGEMENT PSL is hereby pleased to announce that all the Conditions, as detailed in the Circular, have been fulfilled and/or waived, and accordingly the Scheme has become unconditional. 3. FINAL SCHEME CONSIDERATION The final Scheme Consideration payable to PSL Shareholders on the Scheme Implementation Date will be R83.54099 per Scheme Share, comprising the aggregate of the Base Scheme Consideration of R81 per Scheme Share plus an amount of R2.54099 per Scheme Share, being the amount equal to the preference dividend that would have been calculated on a Scheme Share up to the Scheme Consideration Record Date (as if the Scheme Consideration Record Date is a preference dividend accrual date in terms of the rights attaching to the PSL Preference Shares). 4. IMPORTANT DATES AND TIMES PSL Shareholders are advised of the following important dates and times in respect of the implementation of the Scheme of Arrangement. 2021 Scheme Finalisation Date Monday, 26 July Scheme Finalisation Date announcement and announcement Monday, 26 July of final Scheme Consideration released on SENS on Scheme Finalisation Date announcement published in the Tuesday, 27 July South African press on Scheme LDT Tuesday, 3 August Trading in PSL Preference Shares on the JSE suspended from Wednesday, 4 August commencement of trade on Scheme Consideration Record Date to be recorded in the Friday, 6 August Register in order to receive the Scheme Consideration Scheme Implementation Date Tuesday, 10 August Scheme Consideration payment to Dematerialised PSL Tuesday, 10 August Preference Shareholders to take place on Scheme Consideration payment to Certificated PSL Tuesday, 10 August Preference Shareholders to take place within 5 business days of (assuming surrender of documents of title and duly completed forms of surrender) Termination of listing of PSL Preference Shares on the JSE at Wednesday, 11 August commencement of trade on Notes: 1. No dematerialisation or rematerialisation of PSL Preference Shares may take place from the commencement of business on the business day following the Scheme LDT, being Tuesday, 3 August 2021. 2. All times referred to above are references to South African Standard Time. Stellenbosch 26 July 2021 Sponsor and Transaction Independent Joint Legal Advisor Advisor Sponsor PSG Capital UBS South Africa Cliffe Dekker Hofmeyr Date: 26-07-2021 11:00:00 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.