Change in Senior Management - Resignation of Chief Executive Officer Novus Holdings Limited (Formerly known as Paarl Media Group Proprietary Limited) (Incorporated in the Republic South Africa) JSE share code: NVS ISIN: ZAE000202149 (“Novus Holdings”, “the Company” or “the Group”) Change in Senior Management - Resignation of Chief Executive Officer Novus Holdings announced today that Stephen van der Walt, chief executive officer (CEO), has decided to step down after 15 years with the group. Stephen began his career with Novus Holdings, formerly the Paarl Media Group, in 2000 as chief financial officer. He was appointed as chief operating officer in 2003 and became CEO in 2005. Stephen made a great contribution to the group over many years and was also instrumental in the recent listing of Novus Holdings on the JSE. Stephen’s resignation as CEO and as executive director of Novus Holdings will be effective from 31 March 2016. Keith Vroon, chief operating officer for Novus Holdings, has been appointed acting CEO with immediate effect. Stephen will work with Keith to ensure a smooth transition. The Novus board wishes to express its gratitude to Stephen for his longstanding service and wishes him well in pursuing the next phase of his career. Cape Town 16 February 2016 Sponsor: Investec Bank Limited Date: 16/02/2016 09:00:00 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.