Primeserv Group Limited (JSE:PMV) News - Reviewed results for the year ended 31 March 2021

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


Reviewed results for the year ended 31 March 2021


Revenue
down 9%
R737.3 million

Operating profit
down 53%
R12.8 million

Operating profit excluding goodwill impairment
down 34%
R18.1 million

Earnings per share
down 34%
20.15 cents

Headline earnings per share
down 27%
23.28 cents

Net asset value per share
up 9%
218 cents

DIVIDEND
Notice is hereby given that a final gross cash dividend of 2.50 cents per share (2020: final dividend of 1.50 cents per share) for the year
ended 31 March 2021 was declared on Tuesday, 22 June 2021, 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 final dividend are as follows:

Last date to trade "cum" dividend                Tuesday, 13 July 2021
Date trading commences "ex" dividend           Wednesday, 14 July 2021
Record date                                        Friday, 16 July 2021
Date of payment                                  Monday, 19 July 2021

Ordinary share certificates may not be dematerialised or rematerialised between Wednesday, 14 July 2021 and Friday, 16 July 2021, both
days inclusive.

Shareholders who are not exempt from the Dividend Withholding Tax of 20% will therefore receive a net dividend of 2.00 cents per share.
The company has 122 967 031 ordinary shares in issue and its income tax reference number is 9408/002/71/6. The dividend is being paid
out of income reserves. Shareholders are further advised that the dividend declared is the final dividend for the year ended 31 March
2021.

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, 19 July 2021.

The results have been reviewed by the company’s auditors, Mazars. Their unqualified review opinion is available for inspection on the
company’s website, at www.primeserv.co.za/investor-relations. Their review was conducted in accordance with ISRE 2410 “Review of
interim financial information performed by the independent auditor of the entity”.

This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement
and does not contain full or complete details. This short-form announcement has not been reviewed or audited by the company’s
auditors, Mazars. The full announcement was released on SENS on 22 June 2021 and is also available on the company's website at
www.primeserv.co.za and at https://senspdf.jse.co.za/documents/2021/jse/isse/PMV/Yearend21.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

22 June 2021
Illovo, Sandton


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
(PO Box 3008, Saxonwold, 2132)

Company secretary:
ER Goodman Secretarial Services (Pty) Ltd

Transfer secretaries:
JSE Investor Services (Pty) Ltd
13th Floor
19 Ameshoff Street
Braamfontein
2001


Auditors:
Mazars
54 Glenhove Road
Melrose Estate
2196

Sponsor:
Grindrod Bank Limited,
4th Floor Grindrod Towers
8A Protea Place
Sandton
2196

E-mail: productivity@primeserv.co.za

www.primeserv.co.za

Date: 22-06-2021 11:00:00
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