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Disposal of Letting Enterprise - Registration of Transfer and Effective Date

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Published: 2023-09-12 16:55:24 ET
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                                       Novus Holdings Limited
                             Incorporated in the Republic of South Africa
                               (Registration number 2008/011165/06)
                             JSE share code: NVS    ISIN: ZAE000202149
                                  (“Novus Holdings” or “the Group”)


      DISPOSAL OF LETTING ENTERPRISE – REGISTRATION OF TRANSFER AND EFFECTIVE DATE



Shareholders are referred to the announcements released on SENS on 2 February 2023, 5 April 2023
and 18 May 2023 (and using the terms defined therein unless otherwise stated) wherein shareholders
were advised that the Group’s wholly-owned subsidiary, Novus Print, had entered into a Sale
Agreement with Micasa for the disposal of the Novus Print Letting Enterprise for a cash purchase
consideration of R125 000 000 (“Consideration”) (“Disposal”).

Shareholders are hereby advised that the registration of transfer of the Properties in the name of the
Purchaser has taken place on 11 September 2023 (“Transfer Date”) and accordingly, the Consideration
is expected to be paid by the Purchaser on 12 September 2023.

The Effective Date of the Disposal is the Transfer Date.

Cape Town
12 September 2023


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