In accordance with paragraph 7.F.6(c) of the JSE Limited Listings Requirements, shareholders of PSG Group Ltd. and PSG Financial Services Ltd. are advised that Mr. Jacob De Vos ("Jaap") Du Toit, an independent non-executive director on the boards of both PSG Group Ltd. and PSG Financial Services Ltd., has been appointed as the lead independent director of PSG Group Ltd. and PSG Financial Services Ltd. with immediate effect.