Enhanced Investments - Financial Portal

Mandatory Rotation of Auditor

Published: 2023-04-03 17:08:22 ET

                                      Novus Holdings Limited
                           Incorporated in the Republic of South Africa
                             (Registration number 2008/011165/06)
                           JSE share code: NVS     ISIN: ZAE000202149
                                     (“Novus” or the Group”)


                              MANDATORY ROTATION OF AUDITOR



Shareholders are advised that in accordance with the 2017 mandatory audit firm rotation rule issued
by the Independent Regulatory Board for Auditors ("IRBA"), the board of directors of Novus (“Board”)
has endorsed the recommendation by Novus’ Audit and Risk Committee, following a comprehensive
tender process, to appoint BDO South Africa Incorporated (“BDO”) as the external auditors of Novus,
with Fayaz Mohamed as designated audit partner, replacing PricewaterhouseCoopers Inc. (“PWC”),
with effect from the financial year commencing on 1 April 2023.

The appointment is subject to shareholder approval at the Group’s next Annual General Meeting
(“AGM”) to be held on or about 25 August 2023. The results of the AGM, including the resolutions to
appoint BDO as the external auditors of Novus, will be announced on SENS following the AGM.

Cape Town
3 April 2023

Sponsor
Merchantec Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.