Results of the Annual General Meeting NIVEUS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1996/005744/06 JSE share code: NIV ISIN code: ZAE000169553 ("Niveus" or “the Company") RESULTS OF THE ANNUAL GENERAL MEETING 1. INTRODUCTION Niveus Shareholders are advised that at the Annual General Meeting (“AGM”) of Niveus held on Thursday 12 September 2019, all the resolutions, as set out in the notice of AGM and proposed at the meeting were passed, without modification, by the requisite majority of Niveus Shareholders. 2. RESULTS OF THE VOTING AT THE ANNUAL GENERAL MEETING The resolutions were voted on as follows: % of issued Number of shares share capital Total number of shares present/represented 77% 92 267 712 including proxies at meeting (including shares abstained from voting) Number of votes (one vote per share) For Against Abstain ORDINARY RESOLUTIONS 1.1 Re-election of director: Mr JA Copelyn 92 035 462 232 250 - 99.75% 0.25% 0% 1.2 Re-election of director: Dr LM Molefi 92 062 843 204 869 - 99.78% 0.22% 0% 1.3 Re-election of director: Ms RD Watson 92 267 712 - - 100% 0% 0% 1.4 Re-election of director: Ms L Bethlehem 92 267 712 - - 100% 0% 0% 2. Re-appointment of auditor: BDO 92 267 712 - - South Africa Incorporated 100% 0% 0% 3.1 Appointment of audit committee – 92 062 843 204 869 - Dr LM Molefi 99.78% 0.22% 0% 3.2 Appointment of audit committee - Mr 92 267 712 - - JG Ngcobo 100% 0% 0% 3.3 Appointment of audit committee – Ms 92 267 712 - - RD Watson 100% 0% 0% 4. General authority over unissued shares 92 267 712 - - 100% 0% 0% 5. Directors’ authority to implement 92 267 712 - - company resolutions 100% 0% 0% 6. Non-binding resolution 1 Advisory 89 962 771 2 304 941 - endorsement of remuneration policy 97.50% 2.50% 0% 7. Non-binding resolution 2 Advisory 89 962 771 2 304 941 - endorsement of implementation report 97.50% 2.50% 0% SPECIAL RESOLUTIONS 1. General authority to issue shares, 92 267 602 110 - options and convertible securities for 100% 0% 0% cash 2. Approval of annual fees to be paid to 92 256 712 11 000 - non- executive directors 99.99% 0.01% 0% 3. General authority to repurchase 92 267 712 0 - company shares 100% 0% 0% 12 September 2019 Cape Town Sponsor and Corporate Adviser Investec Bank Limited Date: 12/09/2019 02:00:00 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.