Unaudited Interim Results for the six months ended 30 September 2019 NIVEUS INVESTMENTS LIMITED Incorporated in the Republic of South Africa Registration number: 1996/005744/06 JSE share code: NIV ISIN code: ZAE000169553 ("the Company" or "the Group" or "Niveus") Unaudited Interim Results for the six months ended 30 September 2019 Salient figures Unaudited Unaudited 30 September 30 September Percentage 2019 2018 change Revenue (R'000)* 3 478 4 069 (15) Property rental income (R'000)* 5 302 4 960 7 EBITDA (R'000)* (7 706) (15 642) (51) Headline loss (R'000) (2 627) (24 935) 90 Earnings per share (cents) (7,6) 2,2 (440) Headline earnings per share (cents) (2,2) (20,9) 90 Interim dividend per share (cents) - - - Net asset value per share (cents)* 304 360 (15) * Restated Directors' statement The directors, who take responsibility for the contents of this short-form announcement, present the unaudited condensed interim results of Niveus for the six months ended 30 September 2019. The results were prepared under the supervision of the financial director, Mr AF Pereira CA(SA). The financial information is only a summary and does not contain full details of the financial results. Any investment decisions by investors and/or shareholders should be based on information contained in the full announcement, which was released on the Company's website at www.niveus.co.za and can be accessed via the JSE link below. The full announcement is available to view, or copies thereof can be requested at our registered office at 57 Main Street, Paarl, 7646 and the offices of the sponsor free of charge to investors and/or shareholders, during office hours (09:00 - 17:00) from Mondays to Fridays at no charge. Copies of this announcement may also be requested by email at info@hci.co.za. The JSE link is as follows: https://senspdf.jse.co.za/documents/2019/jse/isse/NIVEUS/interims.pdf JA Copelyn LI Bethlehem Chairman Chief executive officer 21 November 2019 Directors: JA Copelyn (Chairman)^, LI Bethlehem (CEO)*, MH Ahmed#, ML Molefi#, JG Ngcobo#, AF Pereira*, Y Shaik^, RD Watson# (*executive ^non-executive #independent non-executive) Company secretary: HCI Managerial Services Proprietary Limited Transfer secretaries: Computershare Investor Services Proprietary Limited Sponsor: Investec Bank Limited www.niveus.co.za Date: 21/11/2019 05:36:00 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.