Exercise Of Options, Dealing In Securities 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 OF OPTIONS, DEALING IN SECURITIES AND ACCEPTANCE OF OPTIONS BY DIRECTORS A) EXERCISE OF OPTIONS BY DIRECTORS In compliance with sections 3.63 - 3.74 of the JSE Limited Listings Requirements the following information regarding the exercise of options is disclosed: Name of director: Mr A van der Veen Company of which I am a director: Niveus Investments Limited Status: Executive/Non-executive: Executive Date of transaction: 16 January 2017 Nature of transaction: Exercise of options awarded by Johnnic Holdings Management Services Limited (Off-market) Nature of interest: Direct, Beneficial Number of shares acquired: 274 989 Class of shares: Ordinary Price (cost price of exercise of option): R13.56 Exercise price: R35.39 Total value of transaction: R10 301 096.74 Period of exercise: Participants have a 90-day period from the strike date during which options can be exercised Name of director: Ms MM Loftie-Eaton Company of which I am a director: Niveus Investments Limited Status: Executive/Non-executive: Executive Date of transaction: 16 January 2017 Nature of transaction: Exercise of options awarded by Johnnic Holdings Management Services Limited (Off-market) Nature of interest: Direct, Beneficial Number of shares acquired: 86 404 Class of shares: Ordinary Price (cost price of exercise of option): R13.56 Exercise price: R35.39 Total value of transaction: R3 236 712.27 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) DEALING IN SECURITIES BY DIRECTORS In compliance with sections 3.63 - 3.74 of the JSE Limited Listings Requirements the following information regarding the dealing in the securities is disclosed: Name of director: Mr A van der Veen Company of which I am a director: Niveus Investments Limited Status: Executive/Non-executive: Executive Date of transaction: 16 January 2017 Nature of transaction: Off-market sale of securities Nature of Interest: Direct, Beneficial Class of Shares: Ordinary shares Number of shares: 274 989 Price (selling price of shares): R37.46 Value of transaction: R10 301 096.74 Name of director: Ms MM Loftie-Eaton Company of which I am a director: Niveus Investments Limited Status: Executive/Non-executive: Executive Date of transaction: 16 January 2017 Nature of transaction: Off-market sale of securities Nature of Interest: Direct, Beneficial Class of Shares: Ordinary shares Number of options: 86 404 Price (selling price of shares): R37.46 Value of transaction: R3 236 712.27 Clearance in terms of par. 3.66 of the JSE Listings Requirements was obtained. C) 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: Name of 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: 18 January 2017 Number of options: 244 962 Option strike price: R33.73 (10% discount to the 20 business day grant date VWAP) Value of transaction: R8 262 568.26 Vesting date of options: 10 January 2020 Expiry date of options: 10 April 2020 Name of 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: 18 January 2017 Number of options: 89 825 Option strike price: R33.73 (10% discount to the 20 business day grant date VWAP) Value of transaction: R3 029 797.25 Vesting date of options: 10 January 2020 Expiry date of options: 10 April 2020 Cape Town 19 January 2017 Sponsor: PSG Capital Proprietary Limited Date: 19/01/2017 04:35:00 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.