BLU - Blue Label - Announcement Regarding the Specific Repurchase of Ordinary

BLU - Blue Label - Announcement Regarding the Specific Repurchase of Ordinary   
Shares in Blue Label                                                            
BLUE LABEL TELECOMS LIMITED                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/022679/06)                                            
Share code: BLU                                                                 
ISIN: ZAE000109088                                                              
("Blue Label")                                                                  
ANNOUNCEMENT REGARDING THE SPECIFIC REPURCHASE OF ORDINARY SHARES IN BLUE LABEL 
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, and  
regulation 121(2)(b) of the Companies Regulations, 2011 ("the Regulations"), the
holders of ordinary shares in Blue Label are hereby advised that Blue Label has 
acquired 91,851,852 ordinary shares in its ordinary share capital from Microsoft
Corporation, representing 11.99% of the Blue Label ordinary shares in issue     
prior to the specific repurchase.                                               
By order of the board of directors                                              
                                                                                
Blue Label Telecoms Limited                                                     
Johannesburg                                                                    
29 November 2011                                                                
Investment bank   Sponsor            Corporate law adviser                      
Investec Bank     Investec Bank      Edward Nathan Sonnenbergs                  
Limited           Limited            Inc.                                       
Date: 29/11/2011 16:00:10 Supplied by www.sharenet.co.za                     
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