CVN - Convergenet Holdings Limited - Award of securities to a director

CVN - Convergenet Holdings Limited - Award of securities to a director          
CONVERGENET HOLDINGS LIMITED                                                    
Incorporated in the Republic of South Africa                                    
(Registration number 1998/015580/06)                                            
Share code: CVN     ISIN: ZAE000102067                                          
("ConvergeNet" or "the company")                                                
AWARD OF SECURITIES TO A DIRECTOR                                               
In terms of the ConvergeNet Holdings Limited Forfeitable Share Plan (FSP) as    
approved by the shareholders at the annual general meeting which was held on    
Friday, 18 January 2008 the following director has been awarded a further 2 000 
000 shares at an issue price of 23 cents per share being the market value of the
shares on 18 November 2011.                                                     
In compliance with rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed.                                             
Name of director:             DF Bisschoff                                      
Name of company:              ConvergeNet                                       
Date of transaction:          13 December 2011                                  
Class of securities:          Ordinary shares                                   
Number of securities:         2 000 000                                         
Nature of transaction:        Award of shares under FSP                         
Purchase price:               23 cents per share                                
Total value of transaction:   R460 000.00                                       
Nature of interest:           Direct beneficial                                 
Extent of interest:           0.22%                                             
Clearance for this award was obtained in accordance with Rule 3.66 of the JSE   
Listing Requirements.                                                           
Johannesburg                                                                    
14 December 2011                                                                
Sponsors                                                                        
Arcay Moela Sponsors (Pty) Ltd                                                  
Date: 14/12/2011 17:16:00 Supplied by www.sharenet.co.za                     
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