NOVUS HOLDINGS LIMITED - Exercise of Share Options in terms of the Novus Holdings Share Appreciation Rights Scheme

Exercise of Share Options in terms of the Novus Holdings Share Appreciation Rights Scheme

Novus Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2008/011165/06)
JSE share code: NVS ISIN: ZAE000202149
("Novus" or "the Company")


EXERCISE OF SHARE OPTIONS IN TERMS OF THE NOVUS HOLDINGS SHARE APPRECIATION RIGHTS
SCHEME


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the JSE Listings Requirements,
shareholders are notified of the following dealings in securities by a director of a major subsidiary of
Novus in respect of the Novus Holdings Limited Share Appreciation Rights Plan ("SAR Plan").

In terms of the SAR Plan, on the SAR exercise date, the appreciation in each SAR is calculated by
deducting the grant price from the exercise price ("Appreciation Value"). The deemed exercise price is
the market price of a Novus share at the exercise date. Following the exercise of the SAR, the participant
receives Novus shares from the Company equal to the Appreciation Value.

 Director:                             Peter Metcalfe
 Company:                              Paarl Media Holdings Proprietary Limited
 Class of securities:                  Ordinary shares of no par value
 Nature of interest:                   Direct beneficial
 Clearance to deal obtained:           Yes
 Nature of transaction:                Off-market exercise of SARs

 Number of SAR awards:                 152 517                233 232                503 610
 Grant price:                          R2.40                  R4.00                  R4.12
 Date of award:                        20 December 2019       26 July 2019           13 July 2018
 Exercise date:                        20 December 2023       20 December 2023       20 December 2023
 Number of Novus shares received       71 175                 25 915                 42 527
 on exercise:
 Deemed exercise price:                R4.50                  R4.50                  R4.50
 Total value of transaction:           R320 287.50            R116 617.50            R191 371.50


Cape Town
21 December 2023

Sponsor
Merchantec Capital

Date: 21-12-2023 01:53:00
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