CONVERGENET HOLDINGS LIMITED - Approval of resolutions proposed in terms of section 60 of the companies act

Approval of resolutions proposed in terms of section 60 of the companies act

CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN     ISIN: ZAE000182440
(the “Company”)

APPROVAL OF RESOLUTIONS PROPOSED IN TERMS OF SECTION 60 OF THE
COMPANIES ACT NO. 71 OF 2008, AS AMENDED (the “Companies Act”)

Shareholders are referred to the announcement released on SENS
on 30 October 2014 (the “Announcement”) regarding the proposed
special and ordinary resolutions providing for:

-   an amendment to the Company’s Memorandum of Incorporation,
    as detailed in the Notice dispatched to shareholders on 30
    October 2014; and

-   an increase in the Company’s authorised ordinary share
    capital of 200 000 000 ordinary shares of no par value to 1
    000 000 000 ordinary shares of no par value by the creation
    of an additional 800 000 000 ordinary shares of no par
    value.

All terms defined in the Announcement shall bear the same
meaning in this announcement.

Shareholders are hereby advised that the Company has, to date,
received written consents from shareholders entitled to exercise
their voting rights in respect of the Resolutions and holding in
aggregate 79 519 794 shares, representing 78.77% of the total
issued share capital of the Company.

The Resolutions, together with the percentage of shares voted or
abstained as well as the percentage of votes carried for and
against each Resolution are detailed below:

Special Resolution Number 1: Amendment to Memorandum of
Incorporation
                                                        % of total issued
                                Number of shares            share capital
Shares voted                          79 519 794                   78.77%
Shares abstained                               0                       0%
Votes for                             79 519 794                   78.77%
Votes against                                  0                       0%


Special Resolution Number 2: Increase in Authorised Share
Capital
                                                        % of total issued
                                Number of shares            share capital
Shares voted                          79 519 794                   78.77%
Shares abstained                               0                       0%
Votes for                             79 519 794                   78.77%
Votes against                                  0                       0%

Ordinary Resolution Number 1: Enabling Resolution

                                                % of total issued
                           Number of shares         share capital
Shares voted                     79 519 794                78.77%
Shares abstained                          0                    0%
Votes for                        79 519 794                78.77%
Votes against                             0                    0%

Accordingly, the Resolutions are regarded as having been adopted
by the Company in terms of section 60(2) of the Companies Act.

The special resolutions referred to in the Notice will now be
submitted to CIPC and shareholders will be advised once
confirmation of filing has been received.

18 November 2014
Rosebank
Sponsor: AfrAsia Corporate Finance Proprietary Limited

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