Change In Management Of La Concorde And Niveus Niveus Investments Limited (Incorporated in the Republic of South Africa) (Registration number: 1996/005744/06) Share code: NIV ISIN: ZAE000169553 (“Niveus” or the “Company”) CHANGE IN MANAGEMENT OF LA CONCORDE AND NIVEUS André van der Veen (CEO) and Muriel Loftie-Eaton (FD) provide their services to the Niveus Investments Limited group under a management contract with Hosken Consolidated Investments Limited. Following the approval by Niveus shareholders of the unbundling by Niveus of its interest in gambling assets held through Niveus Invest 19 Limited as well as the announcement of the proposed acquisition and distribution of Golden Arrow Bus Services Proprietary Limited by La Concorde Holdings Limited (“La Concorde”), HCI has notified Niveus and La Concorde that André van der Veen will be appointed as CEO of eMedia Holdings Limited. It is expected that this appointment will be effective from 1 November. André van der Veen will resign as CEO of Niveus and La Concorde on this date and Muriel Loftie-Eaton will be appointed as CEO of Niveus and La Concorde. Carolyn Kristal will be appointed as Financial Director of Niveus and La Concorde. André van der Veen will retain his directorships of Niveus and La Concorde, and will continue to serve on the executive committees of the Niveus group. Cape Town 14 September 2017 Sponsor and Corporate Advisor PSG Capital Date: 14/09/2017 05:30:00 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.