Primeserv Group Limited
Incorporated in the Republic of South Africa
Registration number: 1997/013448/06
Share code: PMV ISIN: ZAE000039277
("Primeserv" or "the company")

Unaudited interim financial results for the six months ended 30 September 2022

Revenue
up 9%
R394.7 million

Operating profit
up 135%*
R10.8 million

Earnings per share
up 49%*
12.41 cents

Headline earnings per share
up 48%*
12.41 cents

Net asset value per share
up 13%*
232 cents

* Percentage changes based on restated September 2021 financials


DIVIDEND
Notice is hereby given that a gross cash dividend of 2.00 cents per share (2021: interim dividend of 1.50 cents per share) for the interim period was
declared on Wednesday, 23 November 2022, payable to shareholders recorded in the share register of the company at the close of business on the record
date appearing below. The salient dates pertaining to the interim dividend are as follows:

Last date to trade "cum" dividend                         Tuesday, 17 January 2023
Date trading commences "ex" dividend                    Wednesday, 18 January 2023
Record date                                                 Friday, 20 January 2023
Date of payment                                           Monday, 23 January 2023

Ordinary share certificates may not be dematerialised or rematerialised between Wednesday, 18 January 2023 and Friday, 20 January 2023, both days
inclusive.

Shareholders who are not exempt from the Dividend Withholding Tax of 20% will therefore receive a net dividend of 1.60 cents per share. The company
has 118 751 833 ordinary shares in issue and its income tax reference number is 9408/002/71/6. The dividend is being paid out of income reser ves.

All times provided in this announcement are South African local times.

Where applicable, dividends in respect of certificated shares will be transferred electronically to shareholders’ bank accounts on the payment date.
Ordinary shareholders who hold dematerialised shares will have their accounts credited at their Central Securities Depository Participant (CSDP) or broker
on Monday, 23 January 2023.

This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement an d does not
contain full or complete details. This short form announcement has not been reviewed or audited by the company’s auditors. The full announcement was
released on SENS on 23 November 2022 and is also available on the company's website at www.primeserv.co.za and at
https://senspdf.jse.co.za/documents/2022/jse/isse/PMV/Interim22.pdf

Copies of the full announcement are available for inspection on the company’s website or may be requested from the company’s registered office and the
company's sponsor during office hours at no charge. Any investment decision should be based on the contents of the full announcement published on
SENS and on the company's website.

By order of the Board

DL Rose                     M Abel                      R Sack
Chairperson                 CEO                         FD

23 November 2022
Illovo

Directors:
DL Rose* (Chairperson)
M Abel (CEO)
B Kali#
LM Maisela*
R Sack (FD)

*Independent non-executive
#Non-executive
Registered address:
25 Rudd Road
Illovo
Sandton, 2196

Company secretary:
ER Goodman Secretarial Services Proprietary Limited
(represented by Marilis Janse van Rensburg)
3 River Road
Bedfordview, 2008

Sponsor
Grindrod Bank Limited,
Grindrod Towers
8A Protea Place
Sandton, 2196

Auditors
RSM South Africa Inc.
Cross Street and Charmaine Avenue
President Ridge
Randburg, 2194

Transfer secretaries
JSE Investor Services Proprietary Limited
Rennie House, 19 Ameshoff Street
Braamfontein, 2001


E-mail: productivity@primeserv.co.za

www.primeserv.co.za