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 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.