CVN - Convergenet Holdings Limited - Confirmation of acceptance of mandatory

CVN - Convergenet Holdings Limited - Confirmation of acceptance of mandatory    
offer by certain directors                                                      
CONVERGENET HOLDINGS LIMITED                                                    
Incorporated in the Republic of South Africa                                    
(Registration number 1998/015580/06)                                            
Share code: CVN ISIN: ZAE000102067                                              
("ConvergeNet" or "the company")                                                
CONFIRMATION OF ACCEPTANCE OF MANDATORY OFFER BY CERTAIN DIRECTORS              
Following the intended dealings announcement made on SENS on 24 April 2012 which
was made in relation to the unconditional mandatory offer to ConvergeNet        
minority shareholders as detailed in the offeror circular, shareholders are     
advised that, the two directors who previously indicated an intention to accept 
the mandatory offer, have accepted this mandatory offer which closed 11 May     
2012. Please note a minor correction was made to the number of shares for Mrs MJ
Krastanov, totalling 1 386 216 instead of 1 386 353.                            
Johannesburg                                                                    
16 May 2012                                                                     
Sponsors                                                                        
Arcay Moela Sponsors (Pty) Ltd                                                  
Date: 16/05/2012 17:50:01 Supplied by www.sharenet.co.za                     
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