CONVERGENET HOLDINGS LIMITED - Competition commission approval and changes to the board

Competition commission approval and changes to the board

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

COMPETITION COMMISSION APPROVAL AND CHANGES TO THE BOARD

Shareholders are referred to the circular to ConvergeNet shareholders dated 20 September 2013 and
the various related SENS announcements, the last of which was released on 22 November 2013,
regarding, inter alia, the disposal of Sizwe Africa IT Group Proprietary Limited by ConvergeNet (the
“Sizwe Disposal”).

1.   Competition Commission Approval
     The board of directors of ConvergeNet (the “Board”) is pleased to advise that the Sizwe Disposal
     has been approved by the South African Competition Commission unconditionally. Accordingly, the
     Takeover Regulation Panel has also granted their unconditional approval of the Sizwe Disposal.

2.   Changes to the Board
     In compliance with section 3.59(b) of the Listings Requirements of the JSE Limited, shareholders
     are advised that Mr Hanno van Dyk has resigned as executive director from the Board with effect
     from Thursday, 19 December 2013. The Board thanks Mr Van Dyk for his contribution to the
     Company and wishes him well in his future endeavours.

Following the above, there are no outstanding conditions precedent to the Sizwe Disposal and the
transaction has therefore become unconditional.

Centurion
13 December 2013

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

Date: 13/12/2013 12:12:00 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.