Director dealings in Securities Novus Holdings Limited (Incorporated in the Republic of South Africa) JSE share code: NVS ISIN: ZAE000202149 (“Novus Holdings”, “the Company” or “the Group”) DIRECTOR DEALINGS IN SECURITIES In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised of the following director dealings in securities. The Novus Holdings Limited Share Appreciation Rights Plan (“SAR Plan”) In terms of the SAR Plan, certain employees of Novus Holdings may be selected to receive “Share Appreciation Rights” or “SARs”, being a conditional right to receive shares in Novus on relevant vesting dates in the future, subject to certain conditions as may be specified in the award notices issued to participants. In terms of the SAR Plan, participants are required to accept the grant of the SAR within a period specified in the grant letter. The Remuneration Committee has resolved to grant awards to executive directors of Novus Holdings and its major subsidiaries in terms of the Novus Holdings Limited Share Appreciation Rights Plan. The following executive directors of Novus Holdings and its major subsidiaries have been granted awards on 29 September 2017 in terms of the SAR Plan. Director Keith Vroon Company Novus Holdings Limited Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 625 023 Grant price R 6.54 Value of the Transaction R 4 087 650.42 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes Director Edrich Fivaz Company Novus Holdings Limited Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 356 408 Grant price R 6.54 Value of the Transaction R 2 330 908.32 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes Director Nicolaas Grobbelaar Company Paarl Media Holdings (Pty) Ltd Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 333 764 Grant price R 6.54 Value of the Transaction R 2 182 816.56 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes Director Michael Ehret Company Paarl Media Holdings (Pty) Ltd Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 297 005 Grant price R 6.54 Value of the Transaction R 1 942 412.70 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes Director Peter Metcalfe Company Paarl Media Holdings (Pty) Ltd Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 237 130 Grant price R 6.54 Value of the Transaction R 1 550 830.20 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes Director Pieter le Roux Company Paarl Media (Pty) Ltd Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 177 273 Grant price R 6.54 Value of the Transaction R 1 159 365.42 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes Director Craig Wright Company Paarl Media (Pty) Ltd Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 159 162 Grant price R 6.54 Value of the Transaction R 1 040 919.48 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes Director Conrad Rademeyer Company Paarl Coldset (Pty) Ltd Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 599 725 Grant price R 6.54 Value of the Transaction R 3 922 201.50 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes Director Ralph Ruthford Company Paarl Coldset (Pty) Ltd Grant Date 29 September 2017 Acceptance Date 29 September 2017 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 147 857 Grant price R 6.54 Value of the Transaction R 966 984.78 Vesting Period SARs will vest one third (1/3) per annum on the third, fourth and fifth anniversary dates from the date of grant, subject to the exercise thereof by the participant Nature of the Interest Direct Beneficial Clearance obtained Yes The grant prices and value of transactions are based on the closing price of the Novus Holdings shares on the business day immediately preceding the date of the grant. Cape Town 5 December 2017 Sponsor: Investec Bank Limited Date: 05/12/2017 05:15:00 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.