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Exercise of Share Options and Sale of Shares in terms of the Novus Holdings Share Appreciation Rights Scheme

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Published: 2023-09-21 17:05:26 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” or “the Company”)


    EXERCISE OF SHARE OPTIONS AND SALE OF SHARES IN TERMS OF THE NOVUS HOLDINGS
                   SHARE APPRECIATION RIGHTS SCHEME (2020 AWARDS)


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the JSE Listings Requirements,
shareholders are notified of the following dealings in securities by a director of major subsidiaries in
respect of the Novus Holdings Limited Share Appreciation Rights Plan (“SAR Plan”).
In terms of the SAR Plan, on the SAR exercise date, the appreciation in each SAR is calculated by
deducting the grant price from the exercise price (“Appreciation Value”). The exercise price is the
market price of a Novus share at the exercise date. Following the exercise of the SAR, the participant
receives Novus shares from the Company equal to the Appreciation Value.

 Executive Director:                                        Neil Birch
 Companies:                                                 Novus Print Proprietary Limited
                                                            Maskew Miller Proprietary Limited
 Class of securities:                                       Ordinary shares of no par value
 Nature of interest:                                        Direct beneficial
 Clearance to deal obtained:                                Yes

 Nature of transaction:                                     Off-market exercise of SARs
 Number of SAR awards:                                      431 889
 Grant price:                                               R2.40
 Date of award:                                             20 December 2019
 Exercise date:                                             15 September 2023
 Number of Novus shares received on exercise:               172 756
 Deemed exercise price:                                     R4.00
 Total value of transaction:                                R691 024.00

 Nature of the transaction:                                 On market sale of shares
 Date of transaction:                                       18 September 2023
 Number of securities:                                      18 775
 Price per security:                                        R3.95
 Total value:                                               R74 161.25
Cape Town
21 September 2023

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