BLU - Blue Label Telecoms Limited - Delisting and cancellation of 91,851,852

BLU - Blue Label Telecoms Limited - Delisting and cancellation of 91,851,852    
Blue Label ordinary shares                                                      
BLUE LABEL TELECOMS LIMITED                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/022679/06)                                            
Share code: BLU                                                                 
ISIN: ZAE000109088                                                              
("Blue Label" or "the Company")                                                 
                                                                                
DELISTING AND CANCELLATION OF 91,851,852 BLUE LABEL ORDINARY SHARES             
Shareholders are referred to the announcement released on SENS on 29 November   
2011 advising that Blue Label has acquired 91,851,852 ordinary shares in its    
ordinary share capital from Microsoft Corporation ("the specific repurchase"),  
representing 11.99% of the Blue Label ordinary shares in issue prior to the     
specific repurchase. The issued ordinary share capital of the Company as at the 
financial half-year ended 30 November 2011 was 766,360,894 ordinary shares of   
0.000001 Rand each.                                                             
On 1 December 2011, Blue Label delisted and cancelled the 91,851,852 ordinary   
shares in terms of the special and ordinary resolution related to the specific  
repurchase approved by shareholders at the Annual General Meeting held on 22    
November 2011. The shares cancelled represent 11.99% of the issued ordinary     
share capital of the Company and following the cancellation the issued ordinary 
share capital of the Company comprises 674,509,042 ordinary shares of 0.000001  
Rand each.                                                                      
By order of the board of directors                                              
                                                                                
Blue Label Telecoms Limited                                                     
Johannesburg                                                                    
1 December 2011                                                                 
Investment bank   Sponsor            Corporate law adviser                      
Investec Bank     Investec Bank      Edward Nathan Sonnenbergs                  
Limited           Limited            Inc.                                       
Date: 01/12/2011 07:05:34 Supplied by www.sharenet.co.za                     
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