NIVEUS INVESTMENTS LTD - Notice In Terms Of Section 45(5) Of The Companies Act

Notice In Terms Of Section 45(5) Of The Companies Act

NIVEUS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
ISIN: ZAE000169553
(“Niveus” or “the Company”)

NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT

Notice is hereby given in terms of section 45(5) of the Companies Act, 71 of 2008
(the “Act”) that the board of directors of the Company (“the Board”) has resolved
to provide financial assistance in the form of a guarantee of up to R200 000 000 to
one of its subsidiaries in terms of section 45(2) of the Act, pursuant to the
authority granted to the Board by the shareholders at the general meeting of the
Company held on 26 April 2013, which financial assistance exceeds one tenth of one
percent of the Company’s net worth.

In accordance with section 45 of the Act, the Board is satisfied and acknowledges
that immediately after providing such financial assistance, the Company would
satisfy the solvency and liquidity test provided for in section 4 of the Act and
that the terms of the financial assistance are fair and reasonable to the Company.

Cape Town
13 August 2014

Sponsor:
PSG Capital Proprietary Limited

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