CONVERGENET HOLDINGS LIMITED - Disclosure of acquisition and disposal of securities and change in directors indirect interest

Disclosure of acquisition and disposal of securities and change in directors’ indirect interest

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

DISCLOSURE OF ACQUISITION AND DISPOSAL OF SECURITIES AND CHANGE
IN DIRECTORS’ INDIRECT INTEREST

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as
amended (the “Act”), and paragraph 3.83(b) of the Listings Requirements of the JSE
Limited, shareholders are hereby advised that the Company has received formal
notification in the prescribed form of the following movements in the securities of the
Company:

-   Heritage Capital Assets Limited has acquired ConvergeNet shares resulting in an
    increase of its interest in the securities of the Company to 28.60%;
-   AfrAsia Special Opportunities Fund Limited has acquired ConvergeNet shares
    resulting in an increase of its interest in the securities of the Company to 18.38%;
    and
-   Yellow Star Group Holdings Proprietary Limited has disposed of ConvergeNet
    shares resulting in a reduction of its interest in the securities of the Company to
    0.00%.

As required in terms of section 122(3)(a) of the Act, the Company has filed the required
notice with the Takeover Regulation Panel.

CHANGE IN DIRECTORS’ INDIRECT INTEREST

In compliance with rules 3.63 to 3.74 of the Listings Requirements of the JSE Limited,
the following change in the indirect interest of a director of ConvergeNet as a result of
the off-market disposal of shares by Yellow Star Group Holdings (Pty) Ltd (“Yellow
Star”), a shareholder in ConvergeNet, is disclosed below:

Name of director:                          H van Dyk

Name of company:                           ConvergeNet

Date of transaction:                       30 August 2013

Class of securities:                       Ordinary shares

Nature of transaction:                     Change in indirect beneficial interest as a
                                           result of the disposal of ConvergeNet shares
                                           by Yellow Star

Number of securities relating to and       55 013 626 shares held in an indirect
nature and extent of director’s interest   beneficial capacity through Yellow Star
in the transaction:
Price per security:                      7 cents

Total value:                             R3 850 954

Clearance obtained:                      Not required, as transaction was undertaken
                                         by an associate of the director

Centurion
4 September 2013

Corporate adviser: AfrAsia Corporate Finance Proprietary Limited
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 04/09/2013 04:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.