CONVERGENET HOLDINGS LIMITED - Results of general meeting

Results of general meeting

CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN ISIN: ZAE000102067
(“ConvergeNet”)


RESULTS OF GENERAL MEETING

Shareholders are referred to the circular to ConvergeNet shareholders dated 17 October 2012
regarding:
- The sale of ConvergeNet’s remaining interest in Future Cell Proprietary Limited to Pepkor
   Limited, a related party;

- the specific purchase by ConvergeNet Management Services Proprietary Limited (“CMS”), a
  wholly owned subsidiary of ConvergeNet, of 71 478 594 ConvergeNet ordinary shares from
  Titan Share Dealers Proprietary Limited (“Titan”); and

- the granting by ConvergeNet of financial assistance, in the form of a loan, to CMS in terms of
  section 44 of the Companies Act 71 of 2008, to enable it to fund the purchase consideration of
  the 71 478 594 ordinary shares in ConvergeNet purchased by it from Titan, (collectively “the
  Transactions”).

Shareholders are advised that at the general meeting of ConvergeNet shareholders held today, all
the special resolutions and the ordinary resolutions were approved by the requisite majority of
shareholders to effect the Transactions. The special resolutions will be filed with the Companies
and Intellectual Property Commission in due course.

Centurion
26 November 2012

Sponsor
Deloitte & Touche Sponsor Services (Proprietary) Limited

Corporate Adviser for ConvergeNet
AfrAsia Corporate Finance (Proprietary) Limited

Independent Reporting Accountants
BDO South Africa Inc.

Independent Expert
BDO Corporate Finance (Proprietary) Limited

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