Trading Statement NIVEUS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/005744/06) Share code: NIV ISIN: ZAE000169553 (“Niveus” or “the Company”) TRADING STATEMENT In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period. In compliance with the JSE Listings Requirements, Niveus shareholders are advised that the Company expects to report attributable earnings per share of between a profit of 7.9 cents and a loss of 3.4 cents per share for the six months ended 30 September 2018, as compared to attributable earnings per share of 112.9 cents reported in the prior comparative period. The Company furthermore expects to report headline losses per share of between 15.1 cents and 26.7 cents for the six months ended 30 September 2018, as compared to headline earnings per share of 115.9 cents reported in the prior comparative period. The limited payout and bingo operations of the Company were disposed of during November 2017 and are not included in the current period’s results. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditor. Niveus’ interim financial results for the six months ended 30 September 2018 are due to be released on or about 21 November 2018. Cape Town 20 November 2018 Sponsor PSG Capital Date: 20/11/2018 01:45:00 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.