1TIME HOLDINGS LIMITED - FEEDBACK OF SHAREHOLDERS UPDATE MEETING

FEEDBACK OF SHAREHOLDERS UPDATE MEETING

1time holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1999/017536/06)
JSE code: 1TM ISIN: ZAE000102026
(“1time” or “the Company”)


                        FEEDBACK OF SHAREHOLDERS UPDATE MEETING



Shareholders are referred to the announcement issued on 29 April 2013 notifying them of an update
meeting. Shareholders are hereby advised that the meeting took place at The Country Club
Johannesburg, 1 Napier Road, Auckland Park, at 10:00 on 14 May 2013. All the agenda items noted in
the announcement were attended to. Shareholders that were not able to attend the meeting should note
the following:

-   A provisional liquidation order has been granted with respect to Jetworx Aircraft Service Proprietary
    Limited; and
-   An offer of compromise has been received by the provisional liquidator in the sum of R15 million to
    settle all outstanding claims of all creditors of 1time Airline Proprietary Limited.

The board of directors of 1time will advise shareholders of the outcome of this offer in due course.

Johannesburg
15 May 2013

Sponsor
Merchantec Capital

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