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Shares received pursuant to the implementation of the Curro Holdings Limited Scheme of Arrangement
PSG FINANCIAL SERVICES LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
SEM Share Code: PSGK.N0000
ISIN Code: ZAE000191417
LEI Code: 378900ECF3D86FD28194
("PSG Financial Services" or the "Company")
SHARES RECEIVED PURSUANT TO THE IMPLEMENTATION OF THE CURRO HOLDINGS LIMITED SCHEME OF ARRANGEMENT
Shareholders are referred to the finalisation announcement published on the JSE Limited's
("JSE") Stock Exchange News Service on 23 December 2025 by Curro Holdings Limited
("Curro"), regarding the acquisition by the Jannie Mouton Stigting ("Trust") of the remaining
shares in Curro by way of a scheme of arrangement ("Scheme"). In terms of the Scheme,
Curro shareholders were to receive, in consideration for their Curro shares, a cash payment
and shares held by the Trust in two listed companies, one being PSG Financial Services.
Certain directors of PSG Financial Services (and/or their associates) held Curro shares and,
accordingly, upon implementation of the Scheme on 12 January 2026, received PSG Financial
Services shares based on their respective shareholdings in Curro (being the same basis
applicable to all Curro shareholders).
Applicable details regarding the directors (and/or their associates) in question, and the
PSG Financial Services shares received by them, appear below.
1.
NAME OF DIRECTOR PJ Mouton
COMPANY OF WHICH A DIRECTOR PSG Financial Services
STATUS: EXECUTIVE/NON-EXECUTIVE Non-Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
DATE OF TRANSACTIONS 12 January 2026
PRICE PER SECURITY R26.89*
NUMBER OF SECURITIES 45 285 (1)
27 759 (2)
12 933 (3)
67 427 (4)
67 427 (5)
67 427 (6)
858 406 (7)
32 522 (8)
713 828 (9)
7 541 299 (10)
TOTAL RAND VALUE OF SECURITIES R1 217 713.65 (1)
R746 439.51 (2)
R347 768.37 (3)
R1 813 112.03 (4)
R1 813 112.03 (5)
R1 813 112.03 (6)
R23 082 537.34 (7)
R874 516.58 (8)
R19 194 834.92 (9)
R202 785 530.11 (10)
NAMES OF ASSOCIATES Not applicable (1)
Stephanie Mouton Trust (2)
Stephanie Mouton (3)
Juan Mouton Trust (4)
Pieter Mouton Trust (5)
Francois Fouche Mouton Trust (6)
Klipbank Beleggings (Pty) Ltd# (7)
Dana Mouton Trust (8)
Jufrapi Investments (Pty) Ltd (9)
JF Mouton Familietrust+ (10)
RELATIONSHIPS WITH DIRECTOR Director in own name (1)
The director is a trustee and discretionary
beneficiary of the associate (2,8,10)
Spouse (3)
The director is a trustee of the
associate (4-6)
The director is a director of the associate
and a trustee and discretionary beneficiary
of a shareholder in the associate (7,9)
NATURE OF TRANSACTIONS Off-market receipt of PSG Financial
Services shares pursuant to the Scheme
(1-10)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1)
THE TRANSACTIONS Indirect, beneficial (2,7-10)
Indirect, non-beneficial (3-6)
CLEARANCE Not applicable
*The closing price of PSG Financial Services shares on the record date for the Scheme, being
9 January 2026.
# Of the 858 406 PSG Financial Services shares received by Klipbank Beleggings (Pty) Ltd
("Klipbank"), 278 839 shares were received in a cession account (in consideration for the Curro
shares previously held in that account), serving as security for an existing facility of R65 million.
The facility is reviewed annually.
+The JF Mouton Familietrust received and holds these shares via JFM Investments (Pty) Ltd,
My Favourite Beleggings (Pty) Ltd, Jan Mouton Beleggings (Pty) Ltd and Piet Mouton
Beleggings (Pty) Ltd, which entities are all 100% owned by the JF Mouton Familietrust.
2.
NAME OF DIRECTOR PE Burton
COMPANY OF WHICH A DIRECTOR PSG Financial Services
STATUS: EXECUTIVE/NON-EXECUTIVE Non-Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
DATE OF TRANSACTIONS 12 January 2026
PRICE PER SECURITY R26.89*
NUMBER OF SECURITIES 13 832 (1)
27 664 (2)
TOTAL RAND VALUE OF SECURITIES R371 942.48 (1)
R743 884.96 (2)
NAMES OF ASSOCIATES Sanbourne Trust (1)
The Patrick Burton Family Trust (2)
RELATIONSHIP WITH DIRECTOR Director is a trustee and beneficiary of the
associates (1-2)
NATURE OF TRANSACTIONS Off-market receipt of PSG Financial
Services shares pursuant to the Scheme
(1-2)
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1-2)
THE TRANSACTIONS
CLEARANCE Not applicable
*The closing price of PSG Financial Services shares on the record date for the Scheme, being
9 January 2026.
For the avoidance of doubt, all references to associates in this announcement, relate to an
"associate" as defined in the JSE Listings Requirements.
Tyger Valley
14 January 2026
JSE Sponsor: PSG Capital Proprietary Limited
NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Limited, member of the
Namibian Stock Exchange
SEM authorised representative and SEM Sponsor: Perigeum Capital Ltd
This notice is issued pursuant to the JSE Listings Requirements and the SEM Listing Rules.
The board of directors of PSG Financial Services accepts full responsibility for the accuracy
of the information contained in this Communiqué.
Date: 14-01-2026 05:20:00
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.
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