Results of 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 GENERAL MEETING Niveus Shareholders are advised that at the General Meeting (“GM”) of Niveus held on Friday 15 November 2019, all the resolutions, as set out in the notice of GM and proposed at the meeting were passed, without modification, by the requisite majority of Niveus Shareholders. Number of votes (one vote per share) Votes for Votes Number of Number of Number of resolution as a against shares shares shares percentage of resolution voted at voted at abstained total number as a GM GM as a as a of shares percentage percentage percentage voted at GM of total of votable of total number of shares issued shares exercisable voted at shares GM Ordinary Resolution No 1: Approval of the Alphawave 100 % 0% 27 325 636 48.92 % 0% Transaction Ordinary Resolution No 2: Appointment of Mr MH 90 631 974 Ahmed as a director of the 76.06 % 0% 100 % 0% Company Ordinary resolution No 3: Directors’ authority to 100% 0% 90 631 974 76.06 % 0% implement company resolutions Note: Total number of shares in issue at the date of the general meeting is 119 162 734 ; total number of shares that can be exercised at the meeting is 55 856 396 for resolution number 1 and 119 162 734 for resolutions number 2 and 3. 15 November 2019 Cape Town Financial Adviser and Sponsor Investec Bank Limited Date: 15/11/2019 09:58:00 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.