Primeserv Group Limited proposed to replace the current Memorandum and Articles of Association of the Company with a new MOI at the AGM to be held on April 30, 2013.

Primeserv Group Limited, Annual General Meeting, Apr 30, 2013., at 09:00 South Africa Standard Time. Location: Boardroom, Ground Floor, Venture House. Agenda: To consider and, if deemed fit, to pass, with or without modification, the special resolution and the ordinary resolution to replace the current Memorandum and Articles of Association of the company with a new MOI which complies with the requirements of the Companies Act 71 of 2008 and the JSE Listings Requirements.

Primeserv Group Limited reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the quarter, the company’s revenue was ZAR 340,428,000 against ZAR 307,357,000 a year ago. Revenue from continuing operations was ZAR 321,760,000 against ZAR 290,225,000 a year ago. EBITDA was ZAR 6,425,000 against ZAR 6,743,000 a year ago. Operating profit was ZAR 4,968,000 against ZAR 5,399,000 a year ago. Operating profit from continuing operations was ZAR 5,476,000 against ZAR 5,130,000 a year ago. Profit before taxation was ZAR 3,114,000 against ZAR 4,855,000 a year ago. Profit before taxation from continuing operations was ZAR 4,330,000 against ZAR 4,969,000 a year ago. Profit from continuing operations was ZAR 5,207,000 or 5.56 cents per diluted share against $4,034,000 or 4.42 cents per diluted share a year ago. Net profit attributable to shareholders was ZAR 4,340,000 or 4.63 cents per diluted share against ZAR 4,161,000 or 4.33 cents per diluted share a year ago. Diluted headline earnings per share were 4.63 cents against 4.33 cents a year ago. Cash flows utilized in operating activities was ZAR 5,645,000 against cash flows from operating activities of ZAR 57,000 a year ago.