Posting Of The Circular To Niveus Shareholders And Notice Of General Meeting NIVEUS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/005744/06) Share code: NIV ISIN: ZAE000169553 (“Niveus” or “the Company”) POSTING OF THE CIRCULAR TO NIVEUS SHAREHOLDERS FOR THE APPROVAL OF A CASH DIVIDEND WITH THE ELECTION OF A CAPITALISATION ISSUE ALTERNATIVE (THE “CIRCULAR”) AND NOTICE OF GENERAL MEETING Shareholders are referred to the Niveus’ reviewed condensed consolidated results for the year ended 31 March 2014, which were released on SENS on 22 May 2014 (“The Announcement”). The Announcement included reference to a proposed dividend and a capitalisation issue alternative. The Directors of Niveus propose a gross cash dividend of 28 cents per share or the option to elect a capitalisation issue alternative of 1 share for every 76 shares held, subject to shareholder approval. The cash dividend will be paid out of the Company’s retained earnings reserves and will be subject to dividend withholding tax of 15%, where applicable. There is no Secondary Tax on Company (“STC”) credits available for utilisation and the net cash dividend is 23.8 cents per share. Niveus has 115 511 585 ordinary shares in issue and Niveus’ income tax reference number is 9564137843. The following salient dates and times are applicable, if the proposed dividend is approved by shareholders at the general meeting: Last day to trade in order to be recorded in the share register Friday, 11 July 2014 to vote at the general meeting on Record date to be eligible to vote at the general meeting by Friday, 18 July 2014 close of trade on General meeting to be held at 10h30 on Tuesday, 29 July 2014 Results of general meeting released on SENS on Tuesday, 29 July 2014 Finalisation announcement on SENS on Tuesday, 29 July 2014 Last day to trade in order to be eligible for the cash dividend Friday, 8 August 2014 or capitalisation issue alternative on Trading commences ex-entitlement Monday, 11 August 2014 Listing of maximum possible number of Niveus shares at Monday, 11 August 2014 commencement of trade on Closing date for the election of the cash dividend or Friday, 15 August 2014 capitalisation issue alternative at 12h00 on Record date Friday, 15 August 2014 Share certificates and/or cash dividend cheques posted or Monday, 18 August 2014 EFT payment made and CSDP/broker accounts updated Announcement of the results of the cash dividend or Monday, 18 August 2014 capitalisation issue alternative on SENS Adjustment of number of new Niveus shares listed on or about Wednesday, 20 August 2014 Shares may not be dematerialised or rematerialised between Monday, 11 August 2014 and Friday, 15 August 2014, both days inclusive. The Circular was posted to Niveus Shareholders and notice is hereby given that the general meeting will be held at the KWV Building, 57 Main Road, Paarl, 7622, on Tuesday, 29 July 2014 at 10h30. Cape Town 27 June 2014 Sponsor PSG Capital Date: 27/06/2014 12:00:00 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.