Primeserv Group Limited (Incorporated in the Republic of South Africa) (Registration number 1997/013448/06) ("Primeserv” or “the company”) Share code: PMV ISIN: ZAE000039277 UPDATED CAUTIONARY ANNOUNCEMENT Shareholders are advised that the company has entered into negotiations regarding a potential acquisition in the staffing services sector which, if successfully concluded, may have a material effect on the price of the company’s securities. Negotiations are at an advanced stage and, accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made. 11 April 2023 Illovo, Sandton Sponsor Grindrod Bank Limited