Changes to the board of directors Novus Holdings Limited (Incorporated in the Republic South Africa) JSE share code: NVS ISIN: ZAE000202149 (“Novus Holdings”, “the Company” or “the Group”) CHANGES TO THE BOARD OF DIRECTORS In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Novus Holdings (“the Board”) hereby notifies its shareholders of the following changes to the Board: - Mr Uys Meyer has resigned as independent non-executive director effective as of 17 March 2016. - Mr Christoffel (Christoff) Botha has been appointed as an independent non-executive director of the Group, effective immediately. Christoff, a qualified attorney and chartered accountant, has been involved in the private equity and venture capital industry since 1997. He is co-founder and partner of Treacle Private Equity, established in 2000. He graduated from the University of Pretoria with B.Com (Law) and LLB degrees. The Board would like to thank Uys for his invaluable contribution during his tenure on the Board and wishes him success with his future endeavours. The appointment of Christoff will enhance the independence of the Novus Holdings’ Board composition and the Board looks forward to his contribution. Cape Town 25 February 2016 Sponsor: Investec Bank Limited Date: 25/02/2016 02:32:00 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.