Results Of 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 GENERAL MEETING Shareholders are referred to the Company’s SENS announcement on 21 February 2018, regarding the proposed La Concorde Unbundling and Niveus Unbundling, as defined and detailed in the Company’s circular to shareholders dated 21 February 2018 (“Circular”), and giving notice of the general meeting of shareholders (“General Meeting”), to be held in order to consider and, if deemed fit, to approve the La Concorde Unbundling (to the extent that such approval is required) and the Niveus Unbundling. Shareholders are hereby advised that at the General Meeting of the Company held at 11:00 today, 23 March 2018, at La Concorde, 57 Main Street, Paarl, all of the resolutions proposed thereat were passed by the requisite majorities of Niveus shareholders. Details of the results of voting at the General Meeting are as follows: Votes for Votes against Number of Number of Number of resolution as a resolution as a shares voted shares voted shares percentage of percentage of at General at General abstained total number of total number of Meeting Meeting as a as a Resolutions shares voted shares voted percentage percentage proposed at the at General at General of shares in of shares in General Meeting Meeting Meeting issue issue Special 100.00% 0.00% 95 085 891 79.79% 0.01% Resolution Number 1: Approval of the La Concorde Unbundling Special 100.00% 0.00% 95 085 891 79.79% 0.01% Resolution Number 2: Approval of the Niveus Unbundling Ordinary 100.00% 0.00% 95 096 891 79.80% 0.00% Resolution Number 1: Directors’ authority As indicated above, the La Concorde Unbundling and the Niveus Unbundling have been approved by Niveus shareholders. Niveus shareholders are advised that at a separate general meeting of La Concorde Holdings Limited, also held today, 23 March 2018, the La Concorde Unbundling was likewise approved by the shareholders of that company. Following the above shareholder approvals, it is anticipated that the Niveus Unbundling will be implemented on the basis, and subject to the conditions, set out in the Circular, which is available on Niveus’s website at http://www.niveus.co.za. In this regard, shareholders are referred to the salient dates and times section of the Circular. Niveus will keep shareholders apprised of further developments regarding the Niveus Unbundling. Cape Town 23 March 2018 Corporate Adviser and Sponsor PSG Capital Date: 23/03/2018 04:10:00 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.