Disclosure of changes in holdings in the Company NIVEUS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/005744/06) Sharecode: NIV ISIN: ZAE000169553 (“Niveus” or “the Company”) DISCLOSURE OF CHANGES IN HOLDINGS IN THE COMPANY In accordance with section 122(3)(b) of the Companies Act and section 3.83(b) of the JSE Listings Requirements, shareholders are advised of the following: - Rivetprops 47 (Pty) Ltd has disposed of ordinary shares in the Company and its total beneficial interest now amounts to 0.0% of the total number of ordinary shares in issue. - Geomer Investments (Pty) Ltd has disposed of ordinary shares in the Company and its total beneficial interest now amounts to 0.0% of the total number of ordinary shares in issue. Formal notification has been received from Rivetprops 47 (Pty) Ltd and Geomer Investments (Pty) Ltd and the Company has filed the required notices with the Takeover Regulation Panel. In accordance with section 122(3)(b) of the Companies Act and section 3.83(b) of the JSE Listings Requirements, shareholders are advised that Hosken Consolidated Investments Ltd, through its wholly owned subsidiary, HCI Niveus Holdco 1 (Pty) Ltd, has acquired ordinary shares in the Company and its total beneficial interest now amounts to 84.6% of the total number of ordinary shares in issue. Formal notification has been received from HCI Niveus Holdco 1 (Pty) Ltd and the company has filed the required notice with the Takeover Regulation Panel. Cape Town 04 February 2020 Financial Advisor and Sponsor: Investec Bank Limited Date: 04-02-2020 07:05:00 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.