The board of directors of Niveus Investments Limited are of the view that it would be prudent to appoint three additional directors to serve as independent directors and members of the independent board and therefore, in accordance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, shareholders are advised that the board has appointed Francine-Ann Du Plessis, Mike Joubert and Wessel van der Merwe as independent non-executive directors of the Company for the purposes of the Unbundling. Accordingly the aforementioned directors will resign from the board following the implementation of the Unbundling.