Acceptance of Options by Directors and a Director of a Major Subsidiary NIVEUS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/005744/06) Share code: NIV ISIN: ZAE000169553 (“Niveus”) ACCEPTANCE OF OPTIONS BY DIRECTORS AND A DIRECTOR OF A MAJOR SUBSIDIARY 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: 30 September 2015 Number of options: 283 233 Option strike price: R24.03 (10% discount to the 20 business day grant date VWAP) Value of transaction: R6 806 088.99 Vesting date of options: 23 September 2018 Expiry date of options: 23 December 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: 30 September 2015 Number of options: 27 145 Option strike price: R24.03 (10% discount to the 20 business day grant date VWAP) Value of transaction: R652 294.35 Vesting date of options: 23 September 2018 Expiry date of options: 23 December 2018 Name: Mr CB Mogiba Company of which I am a director: Vukani Gaming Corporation Proprietary Limited (a major subsidiary of Niveus) 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: 28 September 2015 Number of options: 42 780 Option strike price: R24.03 (10% discount to the 20 business day grant date VWAP) Value of transaction: R1 028 034.40 Vesting date of options: 23 September 2018 Expiry date of options: 23 December 2018 Clearance in terms of par. 3.66 of the JSE Listings Requirements was obtained. Cape Town 30 September 2015 Sponsor: PSG Capital Proprietary Limited Date: 30/09/2015 03:15:00 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.