Results Of The Annual General Meeting NIVEUS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/005744/06) Share code: NIV ISIN: ZAE000169553 (“Niveus” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held at 11:00 today, 1 November 2017 at 4 Stirling Street, Zonnebloem, Cape Town (“AGM”), all of the resolutions were passed by the requisite majority of Niveus shareholders. The detailed voting results of the AGM are set out below. Votes for Votes against Number of Number of Number of resolution as as a shares voted at shares shares a percentage percentage of the AGM voted at abstained of total total number of AGM as a as a number of shares voted at percentage percentage shares voted the AGM (%) of shares in of shares in at the AGM issue (%) issue (%) (%) Ordinary resolution 1: Appointment of directors 1.1 Ms RD Watson 100 0 86 769 005 72.82 0.02 1.2 Ms FA du Plessis 100 0 86 769 005 72.82 0.02 1.3 Mr MN Joubert 100 0 86 769 005 72.82 0.02 1.4 Mr WJ van der Merwe 100 0 86 769 005 72.82 0.02 Ordinary resolution number 2: Reappointment of directors retiring by rotation and re- elected 2.1 Mr JA Copelyn 100 0 86 769 005 72.82 0.02 2.2 Dr LM Molefi 100 0 86 769 005 72.82 0.02 2.3 Ms RD Watson 100 0 86 769 005 72.82 0.02 2.4 Ms FA du Plessis 100 0 86 769 005 72.82 0.02 2.5 Mr MN Joubert 100 0 86 769 005 72.82 0.02 2.6 Mr WJ van der Merwe 100 0 86 769 005 72.82 0.02 Ordinary resolution number 3: Re-appointment of external auditor 97.50 2.50 86 669 094 72.73 0.10 Ordinary resolution number 4: Appointment of members of the audit and risk committee 4.1 Dr LM Molefi 99.79 0.21 86 769 005 72.82 0.02 4.2 Mr JG Ngobo 99.90 0.10 86 769 005 72.82 0.02 4.3 Ms Rd Watson 99.90 0.10 86 769 005 72.82 0.02 Ordinary resolution number 5: General authority over unissued shares 96.98 3.02 86 769 005 72.82 0.02 Ordinary resolution number 6: Non-binding endorsement of remuneration report for the year ended 31 March 2017 96.98 3.02 86 769 005 72.82 0.02 Ordinary resolution number 7: Authorisation of directors 100 0 86 769 005 72.82 0.02 Ordinary resolution number 8: General authority to issue shares and options for cash 97.19 2.81 86 769 005 72.82 0.02 Special resolution number 1: Approval of annual fees to be paid to non-executive directors 99.90 0.10 86 769 005 72.82 0.02 Special resolution number 2: General authority to repurchase Company shares 99.97 0.03 86 769 005 72.82 0.02 Special resolution number 3: 100 0 86 769 005 72.82 0.02 General authority to provide financial assistance Cape Town 1 November 2017 Sponsor: PSG Capital Proprietary Limited Date: 01/11/2017 04:15:00 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.