NIVEUS INVESTMENTS LIMITED - 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 R270 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 annual general meeting of the Company held on 1 November 2016, 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
15 December 2016

Sponsor
PSG Capital

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