Novus Holdings Limited (JSE:NVS) News - Special Dividend Declaration

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”)


SPECIAL DIVIDEND DECLARATION


Shareholders are referred to the interim results for the six month period ended 30 September 2021
announced on SENS on 10 November 2021 wherein the Group stated that it remained committed to
returning any surplus cash to shareholders and was in process of reviewing its dividend policy. The
board of directors of Novus Holdings (“the Board”) has since re-evaluated the surplus cash reserves
available for distribution to shareholders following the receipt of proceeds from the sale of property
and fixed assets together with the initial reduction of working capital in the Labels division. The Board
is pleased to announce the declaration of a special cash dividend of 40 cents per share.

The source of the dividend is from distributable reserves and will be paid in cash. The dividend declared
is subject to dividend withholding tax at 20%. The tax payable is 8 cents per share, leaving shareholders
who are not exempt from dividends tax with a net dividend of 32 cents per share. The special dividend
is subject to Exchange Control approval. A further announcement will be released on the finalisation
date, once the Exchange Control approval has been obtained.

Novus Holdings has 346 656 348 shares in issue as at the date of this declaration. The income tax
reference number is 9656/360/15/4.

Salient dates for payment of the dividend:
Finalisation Announcement                                                  Tuesday, 15 February 2022
Last day to trade (cum dividend)                                           Tuesday, 22 February 2022
Trading ex dividend commences                                            Wednesday, 23 February 2022
Record date                                                                 Friday, 25 February 2022
Payment date                                                                Monday, 28 February 2022

Share certificates may not be dematerialised or rematerialised between Wednesday, 23 February 2022
and Friday, 25 February 2022, both dates inclusive.

Shareholders are reminded that cheques are no longer accepted in South Africa and that they should
contact their brokers or Transfer Secretaries for assistance or to provide their banking details to
facilitate the dividend payment.


Cape Town
04 February 2022

Sponsor
Merchantec Capital

Date: 04-02-2022 04:30:00
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