Quarterly Update Suspension Announcement PSV Holdings Limited Incorporated in the Republic of South Africa (Registration number 1998/004365/06) Share code: PSV ISIN: ZAE000078705 ("the Company") QUARTERLY UPDATE SUSPENSION ANNOUNCEMENT In terms of paragraph 1.11(c) of the JSE Listings Requirements, the Company is required to provide an update to shareholders regarding the current state of affairs of the Company until its suspension is lifted. Further to the previous quarterly update announcements, the last of which was dated 18 March 2024, shareholders are advised that the recapitalisation of the Company is still ongoing. As previously announced, DNG, after taking legal advice, had resolved to proceed with an application to appeal the order for the conversion of the business rescue process into a liquidation that had been granted, which application was lodged on 14 March 2024. DNG applied to the High Court in Johannesburg for leave to appeal against the final liquidation order which application was argued and dismissed on 25 March 2024, and DNG was ordered to pay the business rescue practioner's legal costs. A provisional liquidator has been appointed and has reached out to DNG's legal counsel to discuss a proposal. The Company remains aware that the proposed recapitalisation of the Company will need to comply with the JSE Listings Requirements and Takeover Regulations, where applicable. The Company remains under cautionary and will continue to inform shareholders of the progress in this regard. Johannesburg 26 June 2024 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 26-06-2024 02:05:00 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.