NOVUS HOLDINGS LIMITED - Changes to the Board - Change in Functions of Directors

Changes to the Board - Change in Functions of Directors

Novus Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2008/011165/06)
JSE share code: NVS    ISIN: ZAE000202149
("Novus" or "Company" or "Group")


CHANGES TO THE BOARD – CHANGE IN FUNCTIONS OF DIRECTORS


Shareholders are referred to the announcements released on SENS on 17 March 2023 and 4 October
2023 wherein the board of directors of Novus ("Board") advised of the appointment of Mr André van
der Veen, a non-executive director, as the Executive Chairman of the Board for an interim period whilst
the Company engaged in the process of identifying and appointing a suitable candidate to fill the
vacancy of Group Chief Executive Officer.

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board hereby
notifies its shareholders of the following:

-   Mr André van der Veen, the Executive Chairman, has been appointed as Chief Executive Officer
    with effect from 14 November 2023.

-   Mr Adrian Zetler, a non-executive director, has been appointed as Chairman of the Board with
    effect from 14 November 2023.

The Board welcomes Mr van der Veen and Mr Zetler in their new roles and looks forward to their
continued contribution to the Company.

As a result of the aforementioned Board changes, the Board has resolved to appoint an additional
independent non-executive director. The Board also recognises the need to change the composition
of the committees and will announce such changes on SENS, together with the appointment of the
director, once a suitable candidate has been identified and committee changes made.

Cape Town
15 November 2023

Sponsor
Merchantec Capital

Date: 15-11-2023 03:35:00
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