BLUE LABEL TELECOMS LIMITED - Notification in Terms of Section 45

Notification in Terms of Section 45

BLUE LABEL TELECOMS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU
ISIN: ZAE000109088
(“Blue Label” or “the Company”)


NOTIFICATION IN TERMS OF SECTION 45 OF THE COMPANIES ACT NO. 71 OF 2008

Shareholders are advised that following their approval granted at the Annual General Meeting held
on 22 November 2011, Blue Label extended financial assistance to Blue Label Mexico on
Thursday, 6 September 2012 amounting to USD6.1 million.

The board of directors concluded that the Company satisfied the Solvency and Liquidity test as set
out in the Companies Act and that the terms under which the financial assistance was extended
are fair and reasonable to the Company.

The loan was advanced to fund the Company’s pro-rata contribution towards the working capital
requirements of Blue Label Mexico.

By order of the board of directors

Johannesburg
14 September 2012

Sponsor
Investec Bank Limited

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