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 13 July 2018 in terms of the SAR Plan. Director Neil William Birch Company Novus Holdings Limited Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 1 684 223 Grant price R 4.12 Value of the Transaction R 6 939 000.00 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 Holdings (Pty) Ltd Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 225 896 Grant price R 4.12 Value of the Transaction R 930 693.38 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 Kelvin Pillay Company Paarl Media (Pty) Ltd Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 282 889 Grant price R 4.12 Value of the Transaction R 1 165 502.20 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 Paul De Bruin Company Paarl Media (Pty) Ltd Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 242 825 Grant price R 4.12 Value of the Transaction R 1 000 437.26 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 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 219 038 Grant price R 4.12 Value of the Transaction R 902 437.77 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 Luke Papadopoulos Company Paarl Labels PTY LTD Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 216 251 Grant price R 4.12 Value of the Transaction R 890 953.72 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 Trevor Davies Company I T B MANUFACTURING (PROPRIETARY) LIMITED Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 353 687 Grant price R 4.12 Value of the Transaction R 1 457 190.00 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 Michelene Locke Company I T B MANUFACTURING (PROPRIETARY) LIMITED Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 201 724 Grant price R 4.12 Value of the Transaction R 831 104.15 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 Metcalf Company Paarl Media Holdings Pty Ltd Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 503 610 Grant price R 4.12 Value of the Transaction R 2 074 873.41 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 Mike Ehret Company Paarl Media Holdings Pty Ltd Grant Date 13 July 2018 Acceptance Date 13 July 2018 Nature of Transaction Off market grant and acceptance of SARs award Class of Securities Ordinary Shares Number of Awards 459 642 Grant price R 4.12 Value of the Transaction R 1 893 725.27 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 Cape Town 17 July 2018 Sponsor: Investec Bank Limited Date: 17/07/2018 03:30:00 Produced by the JSE SENS Department. 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