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Mon 5 Nov 2007, 13:15 PSV - PSV - Acquisition of engineered linings (Pty
PSV
 PSV                                                                             
PSV - PSV - Acquisition of engineered linings (Pty) limited - All conditions    
precedent met                                                                   
PSV HOLDINGS LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
Registration number: 1998/004365/06)                                            
(JSE code: PSV ISIN: ZAE000078705)                                              
("PSV" or "the company")                                                        
ACQUISITION OF ENGINEERED LININGS (PTY) LIMITED - ALL CONDITIONS PRECEDENT MET  
Shareholders are referred to the announcement released on SENS on 31 October    
2007 in which it was announced that subject to the fulfilment of certain        
conditions, PSV has purchased all the issued shares in and the shareholders     
claims against Engineered Linings (Pty) Limited ("Engineered Linings") .        
Shareholders are advised that all conditions precedent (including the           
unconditional approval by the Competition Commission Authorities) have been met.
Accordingly, the board of directors of PSV announce that the acquisition has now
become unconditional in all respects.                                           
Johannesburg                                                                    
5 November 2007                                                                 
  Designated adviser           Exchange Sponsors                                
Attorneys                    Fluxmans                                         
Date: 05/11/2007 13:15:01 Produced by the JSE SENS Department.                  
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