NIVEUS INVESTMENTS LIMITED - Change To The Board Of Directors

Change To The Board Of Directors

NIVEUS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
ISIN: ZAE000169553
(“Niveus”)

CHANGE TO THE BOARD OF DIRECTORS

Shareholders are referred to the Stock Exchange News Service announcements released by Niveus on
14 March 2017, 11 May 2017, 29 May 2017 and 27 June 2017, relating to inter alia the unbundling by
Niveus of its interests in its gaming businesses, currently held via its wholly-owned subsidiary, Niveus
Invest 19 Limited (“Unbundling”) and certain further transactions.

In accordance with the Companies Act, 71 of 2008 (“Companies Act”) and the Companies Regulations,
2011 (“Regulations”), the board of directors of the Company is required to appoint an independent
board comprising independent non-executive directors to, inter alia, appoint an independent expert
as required in terms of the Regulations and provide shareholders with its view regarding the
Unbundling.

 In accordance with Regulation 108(9) and with an independent board should comprise a minimum of
three independent directors, and if there are less than three independent directors, other persons
must be appointed to the independent board by the existing board in accordance with the
qualifications or other requirements set out in the Companies Act. The board of directors are of the
view that it would be prudent to appoint three additional directors to serve as independent directors
and members of the independent board and therefore, in accordance with paragraph 3.59(a) of the
Listings Requirements of the JSE Limited, shareholders are advised that the board has appointed
Francine-Ann Du Plessis, Mike Joubert and Wessel van der Merwe as independent non-executive
directors of the Company for the purposes of the Unbundling. Accordingly the aforementioned directors
will resign from the board following the implementation of the Unbundling.

Cape Town

4 July 2017

Sponsor: PSG Capital Proprietary Limited

Date: 04/07/2017 05:25:00 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.