Short Form Sens Announcement:Audited Consolidated Results for year ended 29 Feb2020 & Dividend Declaration No 11 NVEST FINANCIAL HOLDINGS LIMITED AND ITS SUBSIDIARIES (Incorporated in the Republic of South Africa) (Registration number 2008/015990/06) (“NVest” or “the Company” or “the Group”) ISIN Code: ZAE000199865 JSE Code: NVE SHORT FORM SENS ANNOUNCEMENT AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2020 AND DIVIDEND DECLARATION NUMBER 11 Salient Features Extracted from the reviewed provisional condensed consolidated financial statements: 29 February 2020 28 February 2019 Percentage Revenue 310 185 831 306 336 355 1.26% Operating Profit 89 419 417 92 297 837 3.12% Headline earnings per share 21.30 cents 21.78 cents 2.20% Earnings per share 21.62 cents 21.05 cents 2.71% Dividend 11.75 cents 11.75 cents - Net Asset Value Per Share 159.60 cents 149.07 cents 7.06% Short-Form Announcement The short-form announcement is the responsibility of the directors and is only a summary of information set out in the full announcement which is available on the company’s website (www.nvestholdings.co.za). This announcement does not contain full or complete details and any investment decisions by investors and/or shareholders should be based on consideration of the published SENS available on: https://senspdf.jse.co.za/documents/2020/JSE/ISSE/NVE/NVEAR20.pdf DIVIDEND DECLARATION The Board has declared a final gross dividend (Number 11) of 6.5 cents per share for the year ended 29 February 2020. The dividend is declared out of income reserves. The dividend will be subject to a dividend withholding tax rate of 20% or 1.3 cents per ordinary share. Shareholders, unless exempt or qualifying for a reduced withholding tax rate, will receive a net dividend of 5.2 cents per share. NVest’s tax reference number is 9053981180. The number of ordinary shares in issue at the declaration date is 303,241,722. The salient dates for the dividend will be as follows: 2020 Last date to trade “cum’ dividend Monday 15 June Shares commence trading ‘ex’ dividend Wednesday 17 June Record date (date shareholders recorded in share register) Friday 19 June Payment date Monday 22 June Shareholders may not dematerialise or rematerialise their share certificates between Wednesday, 17 June 2020 and Friday, 19 June 2020 both dates inclusive. Copies of the full announcement may be requested from the Company (Brendan Connellan, brendanc@nvestholdings.co.za) or inspected at the registered office and/or the Designated Advisors’ office, at no charge, during office hours. Johannesburg 29 May 2020 Designated Advisor Arbor Capital Sponsors Date: 29-05-2020 07:10:00 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.