Exercise and acceptance of options by directors NIVEUS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/005744/06) Share code: NIV ISIN: ZAE000169553 (“Niveus”) EXERCISE AND ACCEPTANCE OF OPTIONS BY DIRECTORS A) EXERCISE OF OPTIONS BY DIRECTORS In compliance with Rules 3.63 - 3.74 of the JSE Limited Listings Requirements the following information regarding the exercise of options is disclosed: Director: Mr A van der Veen Company of which I am a director: Niveus Investments Limited Status: Executive/Non-executive: Executive Date of transaction: 31 March 2015 Nature of transaction: Exercise of options awarded by Johnnic Holdings Management Services Limited (Off Market) Nature of interest: Direct, Beneficial Number of shares acquired: 252 264 Class of shares: Ordinary Price (cost price of exercise of option): R5.63 Exercise price: R24.64 Total value of transaction: R6 215 792.49 Period of exercise: Participants have a 90 day period from the strike date during which options can be exercised Director: Ms MM Loftie-Eaton Company of which I am a director: Niveus Investments Limited Status: Executive/Non-executive: Executive Date of transaction: 31 March 2015 Nature of transaction: Exercise of options awarded by Johnnic Holdings Management Services Limited (Off Market) Nature of interest: Direct, Beneficial Number of shares acquired: 9 006 Class of shares: Ordinary Price (cost price of exercise of option): R5.58 Exercise price: R24.64 Total value of transaction: R221 918.99 Period of exercise: Participants have a 90 day period from the strike date during which options can be exercised Clearance obtained in terms of section 3.66 of the JSE Listings Requirements was obtained. B) ACCEPTANCE OF OPTIONS BY DIRECTORS In compliance with Rules 3.63 - 3.74 of the JSE Limited Listings Requirements the following information regarding the acceptance of options is disclosed: Director: Mr A van der Veen Company of which I am a director: Niveus Investments Limited Status: Executive/Non-executive: Executive Nature of transaction: Acceptance of options to subscribe for ordinary shares in Niveus (Off Market) Nature of Interest: Direct, Beneficial Class of Shares: Ordinary shares Date of acceptance: 31 March 2015 Number of options: 414 795 Option strike price: R22.18 (10% discount to the 20 business day grant date VWAP) Value of transaction: R 9 200 153.10 Vesting date of options: 31 March 2018 Expiry date of options: 30 June 2018 Director: Ms MM Loftie-Eaton Company of which I am a director: Niveus Investments Limited Status: Executive/Non-executive: Executive Nature of transaction: Acceptance of options to subscribe for ordinary shares in Niveus (Off Market) Nature of Interest: Direct, Beneficial Class of Shares: Ordinary shares Date of acceptance: 31 March 2015 Number of options: 8 671 Option strike price: R22.18 (10% discount to the 20 business day grant date VWAP) Value of transaction: R 192 322.78 Vesting date of options: 31 March 2018 Expiry date of options: 30 June 2018 Clearance in terms of par. 3.66 of the JSE Listings Requirements was obtained. Cape Town 2 April 2015 Sponsor: PSG Capital Proprietary Limited Date: 02/04/2015 10:30:00 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.