PSG FINANCIAL SERVICES LIMITED - Changes To The Board Of Directors And Board Committees Of PSG Financial Services And PSG Treasury

Changes To The Board Of Directors And Board Committees Of PSG Financial Services And PSG Treasury

 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")

 PSG TREASURY LIMITED
 (Incorporated in the Republic of South Africa)
 Registration Number: 2014/196582/06
 Company Code: PKTI
 ("PSG Treasury")


CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEES OF PSG
FINANCIAL SERVICES AND PSG TREASURY

CHANGES TO THE BOARD OF PSG FINANCIAL SERVICES

In accordance with the JSE Limited Listings Requirements, the board of directors of PSG Financial
Services ("Board") hereby notifies shareholders of the following changes to the Board and Board
committees:

1.   Appointment of Independent Non-Executive Director

     The Board is pleased to announce that Dr Christopher Loewald ("Dr Loewald") has been
     appointed as an independent non-executive director of the Company and as a member of the
     Company's audit committee and risk committee, with effect from 1 September 2026, subject
     to regulatory approval.

     Dr Loewald holds a Ph.D. and Master's degree in International Economics and European
     Studies from John Hopkins University of Advanced International Studies. He also holds a
     Bachelor of Arts degree in Political Science.

     Dr Loewald served as Chief Economist of the South African Reserve Bank ("SARB") and
     member of the Monetary Policy Committee until his early retirement on 1 March 2026. His
     distinguished policy career spans more than 30 years. As Chief Economist, he led the SARB's
     Economic Research Department responsible for forecasting, global economic analysis,
     climate change-related research and policy development.

     Prior to joining the SARB in 2011, he spent 13 years at National Treasury, where he was
     responsible for developing South Africa's macroeconomic policy, serving on joint committees
     of the SARB and National Treasury to facilitate policy coordination.

     The Board confirms that, in compliance with the JSE Listings Requirements, a fit and proper
     assessment was conducted in respect of Dr Loewald and that the Board is satisfied with the
     outcome thereof. As part of the assessment, Dr Loewald's background and qualifications were
     independently verified. Furthermore, Dr Loewald has confirmed that there are no positive
     statements to report in respect of the integrity information contained in the director's
     declaration in terms with Schedule 1 of the JSE Listings Requirements.
     The Board extends a warm welcome to Dr Loewald and looks forward to his contribution. The
     appointment has been made in accordance with PSG Financial Services' policy on the
     selection and succession planning of directors.

2.   Changes to Board Committees

     Ms Lizé Lambrechts ("Lizé"), an independent non-executive director and member of the
     Company's nominations committee, will (in addition to assuming the role of independent non-
     executive chairperson of the Board) succeed Mr Willem Theron ("Willem") as chairperson of
     the nominations committee, following Willem's retirement at the annual general meeting of
     the Company due to be held on or about Thursday, 23 July 2026 ("the AGM"), as
     communicated to shareholders in an announcement dated 12 February 2026.

     Lizé will also step down as a member of the Company's audit committee immediately prior to
     the commencement of the AGM.

CHANGES TO BOARD OF PSG TREASURY

In accordance with the Debt and Specialist Securities Listings Requirements, stakeholders are
hereby advised of the following changes to the board of directors of PSG Treasury ("Treasury
Board"):

3.   Retirement of Non-Executive Director

The Treasury Board hereby advises that Mr Willem Theron, the current non-executive chairperson
of PSG Treasury, will retire from the Treasury Board, with effect from the conclusion of the PSG
Financial Services AGM.

4.   Appointment of Independent Non-Executive Director

The Treasury Board is pleased to announce that Ms Lizé Lambrechts has been appointed as an
independent non-executive director and chairperson of the Treasury Board, following Willem's
retirement, with effect from the conclusion of the PSG Financial Services AGM.

Lizé qualified as an actuary and holds a BSc Hons (cum laude) degree in applied mathematics
from the University of Stellenbosch. She has extensive experience in the financial services
industry and has fulfilled various senior executive roles within the Sanlam Group. She served for
12 years as the Chief Executive of Sanlam Personal Finance whereafter she assumed the role of
Santam's Chief Executive Officer for 7 years. Lizé also served as chairperson of the South African
Insurance Association and Life Offices Association.

The Treasury Board extends a warm welcome to Lizé and looks forward to her continued
contribution. Lizé's appointment was made in accordance with PSG Financial Services' policy on
the selection and succession planning of directors.

Tyger Valley
11 March 2026

JSE Equity and Debt 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 Limited 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: 11-03-2026 10:00:00
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