Trading statement NIVEUS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/005744/06) Share code: NIV ISIN: ZAE000169553 (“Niveus” or “the Company”) TRADING STATEMENT In terms of section 3.4 (b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement if they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period. In compliance with the JSE Listings Requirements, Niveus shareholders are advised that the Company expects to report attributable losses per share of between 38.8 cents and 54.3 cents for the year ended 31 March 2019, as compared to attributable profit per share of 154.6 cents reported in the prior year. The Company furthermore expects to report headline losses per share of between 20.6 cents and 27.6 cents for the year ended 31 March 2019, as compared to headline profit per share of 70.1 cents reported in the prior year. The limited payout and bingo operations of the Company were disposed of during November 2017 and are not included in the current year’s results. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditor. Niveus’ preliminary financial results for the year ended 31 March 2019 are due to be released on or about 23 May 2019. Cape Town 22 May 2019 Sponsor: Investec Bank Limited Date: 22/05/2019 09:00:00 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.