CONVERGENET HOLDINGS LIMITED - Independent Non-Executive director appointment

Independent Non-Executive director appointment

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


        INDEPENDENT NON-EXECUTIVE DIRECTOR APPOINTMENT


In compliance with section 3.59 of the Listings Requirements
of the JSE Limited, the board of directors of ConvergeNet is
pleased to announce the appointment of Mr Nkosemntu Gladman
Nika (54) as an independent non-executive director with effect
from 23 November 2012.

In addition, Mr Nika has also been appointed as Chairman of
the combined audit and risk committee. His wealth of
experience in the accounting and reporting field will prove
invaluable.

Mr Nika is a qualified Chartered Accountant. In 1988, after
completing his articles with WL Nkuhlu and Company (in
association with Hoek and Wiehahn subsequently merged with
PWC), he joined Anglo American as an internal auditor at head
office.   In 1989 he joined Shell as a (chemicals) divisional
financial manager and after three years, he was assigned to
Shell’s headquarters in London where he initially served as a
technical   finance   accountant,  responsible   for   advising
operating   companies   worldwide   on   accounting   technical
developments   and  later   joined   Group  consolidation   and
reporting.

On his return in 1997, he became a regional audit manager
responsible for all SADC Shell operating companies and after
three months was recruited by Eskom as a Corporate Executive
Audit manager responsible for the entire audit function of
Eskom.   In 2000 he joined DBSA as a CFO and left in 2002 to
join PetroSA in a similar role, which role he holds to date.
PetroSA had just been formed through a merger of Soekor,
Mossgas and parts of SFF and Mr Nika was responsible for
merging and designing policies, system and procedures of the
three different entities.

In the time that Mr Nika was with Eskom, he was active with
the Institute of Internal Auditors and the development of
Internal Audit profession and function in the country. Whilst
at PetroSA, he championed the aspect of transparency and
governance within the State Owned Company context.
Mr Nika has also served on a number of boards as non-executive
director as well as chaired numerous audit committees.

The board welcomes Mr Nika and looks forward to gaining from
his valuable insight and experience.

Johannesburg
26 November 2012

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

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