Director dealing in Securities Novus Holdings Limited (Incorporated in the Republic of South Africa) JSE share code: NVS ISIN: ZAE000202149 (“Novus Holdings”, “the Company” or “the Group”) DIRECTOR DEALINGS IN SECURITIES In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised of the following director dealings in securities. The Novus Holdings Limited Share Appreciation Rights Plan (“SAR Plan”) In terms of the SAR Plan, certain employees of Novus Holdings may be selected to receive “Share Appreciation Rights” or “SARs”, being a conditional right to receive shares in Novus on relevant vesting dates in the future, subject to certain conditions as may be specified in the award notices issued to participants. In terms of the SAR Plan, participants are required to accept the grant of the SAR within a period specified in the grant letter. The Remuneration Committee has resolved to grant an award to the executive chairman of Novus Holdings in terms of the Novus Holdings Limited Share Appreciation Rights Plan. The following director of Novus Holdings has been granted an award on 5 December 2017 in terms of the SAR Plan. Director and Executive Chairman Neil Birch Company Novus Holdings Limited Grant Date 5 December 2017 Acceptance Date 5 December 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 364 742 Grant price R 6.65 Value of the Transaction R 2 425 534.30 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes The grant price and value of transaction is based on the closing price of the Novus Holdings shares on the business day immediately preceding the date of the grant. Cape Town 5 December 2017 Sponsor: Investec Bank Limited Date: 05/12/2017 05:20:00 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.