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 section 3.4 (b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement if they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period. In compliance with the JSE Listings Requirements, Niveus shareholders are advised that the Company expects to report attributable losses per share of between 7.6 cents and 7.8 cents for the six months ended 30 September 2019, as compared to attributable profit per share of 2.2 cents reported in the prior comparative period. The Company furthermore expects to report headline losses per share of between 1.3 cents and 3.3 cents for the six months ended 30 September 2019, being a decrease of between 94.0% and 84.0% compared to headline losses per share of 20.9 cents reported in the prior comparative period. The prior comparative period’s results included a number of disposals of subsidiaries, which did not recur in the current period. 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 2019 are due to be released on or about 21 November 2019. Cape Town 20 November 2019 Sponsor: Investec Bank Limited Date: 20/11/2019 03:43:00 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.