Director dealings in securities and availability of BEE compliance report Novus Holdings Limited (Incorporated in the Republic of South Africa) JSE share code: NVS ISIN: ZAE000202149 (“Novus Holdings”, “the Company” or “the Group”) DIRECTOR DEALINGS IN SECURITIES AND AVAILABILITY OF BEE COMPLIANCE REPORT In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised of the following director dealings in securities in respect of the Novus Holdings Limited Share Appreciation Rights Plan (“SAR Plan”). In terms of the SAR Plan, certain employees of Novus Holdings may be selected to receive “Share Appreciation Rights” or “SARs”, being a conditional right to receive shares in Novus Holdings on relevant vesting dates in the future, subject to certain conditions as may be specified in the award notices issued to participants. In terms of the SAR Plan, participants are required to accept the grant of the SAR within a period specified in the grant letter. The Remuneration Committee has resolved to grant awards to executive directors of Novus Holdings and its major subsidiaries in terms of the Novus Holdings Limited Share Appreciation Rights Plan. The following executive directors of Novus Holdings and its major subsidiaries have been granted awards on 20 December 2019 in terms of the SAR Plan. Director Neil Birch Company Novus Holdings Limited Grant Date 20 December 2019 Acceptance Date 20 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 1 559 998 Grant price R 2.40 Value of the Transaction R3 743 995.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Director Harry Todd Company Novus Holdings Limited Grant Date 20 December 2019 Acceptance Date 23 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 682 500 Grant price R 2.40 Value of the Transaction R1 638 000.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Alternate Director Keshree Alwar Company Novus Holdings Limited Grant Date 20 December 2019 Acceptance Date 23 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 247 611 Grant price R 2.40 Value of the Transaction R594 266.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Group Company Secretary Melonie Brink Company Novus Holdings Limited Grant Date 20 December 2019 Acceptance Date 23 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 195 000 Grant price R 2.40 Value of the Transaction R468 000.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Director Craig Wright Company Novus Print (Pty) Ltd Grant Date 20 December 2019 Acceptance Date 20 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 275 625 Grant price R 2.40 Value of the Transaction R661 500.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Director Paul De Bruin Company Novus Print (Pty) Ltd Grant Date 20 December 2019 Acceptance Date 21 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 375 000 Grant price R 2.40 Value of the Transaction R900 000.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Director Ralph Ruthford Company Paarl Coldset (Pty) Ltd Grant Date 20 December 2019 Acceptance Date 20 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 351 000 Grant price R 2.40 Value of the Transaction R842 400.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Director Trevor Davies Company I T B MANUFACTURING (PROPRIETARY) LIMITED Grant Date 20 December 2019 Acceptance Date 23 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 409 500 Grant price R 2.40 Value of the Transaction R982 800.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Director Peter Metcalfe Company Paarl Media Holdings Pty Ltd Grant Date 20 December 2019 Acceptance Date 21 December 2019 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 583 082 Grant price R 2.40 Value of the Transaction R1 399 397.00 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant. Nature of the Interest Direct Beneficial Clearance obtained Yes Furthermore shareholders are advised that the Company’s annual compliance report pursuant to section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No.53 of 2003, and in accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited Listings Requirements, has been published and is available on the Company’s website at https://novus.holdings/wp-content/uploads/2019/12/B-BBEE-Compliance-Report-Novus-Holdings- 24-December-2019.pdf Cape Town 24 December 2019 Sponsor: Investec Bank Limited Date: 24-12-2019 10:35:00 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. 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