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PSG GROUP LIMITED – Unaudited Financial Results For The Six Months Ended 31 August 2021

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Unaudited Financial Results For The Six Months Ended 31 August 2021

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 Group” or “the Company”)

UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2021

1. SALIENT FEATURES

• At 31 August 2021, PSG Group’s –
o Net asset value per share was R110,09, representing an increase of 50% and
20% when compared to the net asset value per share of R73,27 and R91,76 as
at 31 August 2020 and 28 February 2021, respectively; and
o Sum-of-the-parts (“SOTP”) value per share was R110,50, representing an
increase of 17% when compared to the R94,24 per share as at
28 February 2021.

• At 8 October 2021, PSG Group’s SOTP value per share was R112,13.

• For the six months ended 31 August 2021, PSG Group’s –
o Headline earnings per share amounted to R18,04 (2020: loss of R14,14) and fair
value gains on investments at fair value through profit or loss amounted to
R3,4bn (2020: loss of R5,2bn); and
o Earnings per share amounted to R18,04 (2020: R118,62), with the comparative
period having been impacted by one-off gains pursuant to the Capitec
unbundling and PSG Group’s change in status to that of an investment entity in
accordance with International Financial Reporting Standards.

• PSG Group’s policy is to pay ad hoc dividends as and when deemed appropriate.
The directors have resolved to not declare an ad hoc interim dividend for the six
months ended 31 August 2021 (2020: 164 cents per share).

2. SHORT-FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full announcement and does not contain
full or complete details. The full announcement can be found at:

https://senspdf.jse.co.za/documents/2021/JSE/ISSE/PSG/PSGHY22.pdf

The full announcement is also available for viewing on the Company’s website at
https://www.psggroup.co.za/UnauditedResultsAug2021.pdf or may be requested and
obtained in person, at no charge, from the registered office of the Company or the
Company’s sponsor during office hours.

Any investment decisions by investors and/or shareholders should be based on
consideration of the full announcement.

The Company has based this short-form announcement on the financial results for the six
months ended 31 August 2021, which have not been reviewed or audited by the
Company’s auditor, Deloitte & Touche.

3. INTERIM RESULTS PRESENTATION

Shareholders are invited to view PSG Group’s interim results presentation to be broadcast
on YouTube at 10h00 SAST on Thursday, 14 October 2021.

Presentation details:
• View and listen mode;
• Link: https://youtu.be/ZOFwHeGtq1w;
• Presentation slides will be made available on PSG Group’s website shortly before the
live broadcast of the presentation;
• Questions may be e-mailed prior to and during the presentation to:
questions@psggroup.co.za.

Stellenbosch
14 October 2021

Sponsor
PSG Capital

Independent joint sponsor
UBS South Africa

Date: 14-10-2021 07:10:00
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
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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.


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