TLM - Telemasters Holdings Limited - Amended Notice of Annual General Meeting,

TLM - Telemasters Holdings Limited - Amended Notice of Annual General Meeting,  
withdrawal of no change statement and amendment to published results            
TELEMASTERS HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/015734/06                                             
("TeleMasters" or "the Company")                                                
ISIN: ZAE 000093324          Share Code: TLM                                    
AMENDED NOTICE OF ANNUAL GENERAL MEETING,                                       
WITHDRAWAL OF NO CHANGE STATEMENT AND AMENDMENT TO PUBLISHED RESULTS            
Further to the announcement published on SENS on 31 March 2011, shareholders are
advised that the date of the Annual General Meeting of shareholders of the      
Company has been postponed.                                                     
The Annual General Meeting will now be held on Friday, 10 June 2011 at 09h30 in 
Pretoria at Telemasters Holdings Limited, 90 Regency Drive, Route 21 Corporate  
Office Park, Irene, Pretoria.                                                   
In addition, the no change statement has been withdrawn following the discovery 
of minor allocation errors within the statement of cash flows. The statement of 
cash flows amendments are set out below:                                        
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS                                  
Corrected    Previously          

                                                            announced           
                                               30/09/10     30/09/10            
                                               R            R                   


Cash generated by operations                    26 186 831   26 090 004         
Finance cost                                    (773 697)    (773 697)          
Income taxes paid                               (9 925 144)  (10 465 893)       
Net cash inflow from operating activities       15 487 990   14 850 414         
                                                                                
Interest received                               565 360      565 360            
Dividends received                              314 799      314 799            
Acquisition of subsidiary                       (1 800 000)  (1 800 000)        
Additions to plant and equipment                (3 374 881)  (3 374 880)        
Proceeds from disposal of plant and equipment   358 066      994 441            
Additions to intangible assets                  (27 234)     (27 234)           
Net cash used in investing activities           (3 963 890)  (3 327 514)        
                                                                                
Dividends and capital distributions paid        (5 843 538)  (5 842 338)        
Proceeds from borrowings                        1 214 451    1 214 451          
Repayment of borrowings                         (2 988 667)  (2 988 667)        
Net cash used in financing activities           (7 617 754)  (7 616 554)        
                                                                                
Total cash movement for the period              3 906 346    3 906 346          
Cash and cash equivalents at the beginning of   16 165 680   16 165 680         
the year                                                                        
Cash and cash equivalents at the end of year    20 072 026   20 072 026         
There were no other changes between the reviewed results published on 17        
December 2010 and the audited annual financial statements.                      
The annual report will be posted to shareholders in due course.                 
JOHANNEBSURG                                                                    
21 April 2011                                                                   
DESIGNATED ADVISOR                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 21/04/2011 17:14:01 Supplied by www.sharenet.co.za                     
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