Novus Holdings Limited (JSE:NVS) News - Results of Mandatory Offer to Novus Shareholders NOVUS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/011165/06) Share code: NVS ISIN: ZAE000202149 ("Novus") A2 INVESTMENT PARTNERS PROPRIETARY LIMITED (Incorporated in the Republic of South Africa) (Registration number 2021/530443/07) ("Offeror") RESULTS OF MANDATORY OFFER TO NOVUS SHAREHOLDERS 1. Shareholders are referred to the joint announcement published on the Stock Exchange News Service ("SENS") on Friday, 26 November 2021, in terms of which it was announced that a combined circular (“Combined Circular”) was distributed to Novus Shareholders on Friday, 26 November 2021 in respect a mandatory offer by the Offeror, in terms of section 123 of the Companies Act, to acquire all of the Novus Shares not already held by the Offeror, or its associates (“Mandatory Offer”), for an Offer Consideration of 235 ZAR cents per Novus Share. 2. As previously advised, the Combined Circular is available on Novus' website at https://novus.holdings/wp- content/uploads/2021/11/Novus-Holdings-Mandatory-Offer-Circular_Final.pdf 3. Capitalised terms used but not defined herein shall have the meaning ascribed thereto in the Combined Circular unless the context indicates otherwise. 4. MANDATORY OFFER RESULTS Shareholders are advised that the Offer was accepted in respect of 48,020,657 Novus shares, comprising 13,85% of Novus’s issued share capital. Accordingly, the Offeror and its associates now hold 52,59% of the issued share capital of Novus (net of treasury shares). 5. OFFEROR RESPONSIBILITY STATEMENT The Offeror accepts responsibility for the information contained in this announcement as it relates to the Offeror and certifies that, to the best of its knowledge and belief, the information contained herein is true and correct and confirms that this announcement does not omit anything that is likely to affect the importance of the information contained in it. 6. INDEPENDENT BOARD RESPONSIBILITY STATEMENT The Independent Board accepts responsibility for the information contained in this announcement as it relates to Novus and confirms that to the best of their respective knowledge and belief, the information contained herein is true and correct and confirms that this announcement does not omit anything likely to affect the importance of the information contained in it. Cape Town 24 January 2022 Sponsor to Novus Merchantec Capital Legal Advisor to Novus Van der Spuy & Partners Legal Advisor to the Offeror ENSafrica Date: 24-01-2022 10:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.