CVN - ConvergeNet - Changes to the Board of Directors

CVN - ConvergeNet - Changes to the Board of 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")                                                
CHANGES TO THE BOARD OF DIRECTORS                                               
Shareholders are advised that three directors of the company have resigned with 
effect from 21 February 2012, which details are provided below.                 
Mr SLL Peteni, a non-executive director and chairman of the board and based in  
Cape Town, wishes to reduce his number of board committee and travel commitments
for personal reasons and accordingly resigns from ConvergeNet. Mr Peteni has    
served as a director on the board for 5 years having also been involved in the  
founding of the business. Mr Peteni was a valuable contributor to the company   
during his tenure and the board would like to thank him for his contribution to 
the company and strong guidance of the board.  Mr Peteni remains a shareholder  
in the company and will continue to support the company going forward.          
Mr RN Macdonald resigned as an independent non-executive from the ConvergeNet   
board due to the fact that he is pursuing and wishes to focus on his personal   
business initiatives. In addition, Mr Macdonald wishes to reduce his travel     
obligations as he is based in London, England. The board would like to thank Mr 
Macdonald for the years of value and contribution added to the company. The     
board wishes him the best with his future endeavours.                           
Mr B Kekana, a non-executive director representing the interests of Sizwe Africa
(Proprietary) Limited, a subsidiary of the company, resigned from the board due 
to the fact that he has recently disposed of his shareholding in YellowStar     
(Proprietary) Limited, the minority shareholder in Sizwe and a shareholder in   
ConvergeNet. Mr Kekana will be pursuing his own personal interests. The board   
would like to thank Mr Kekana for his work and efforts during his time with the 
company and wish him the best with his future endeavours.                       
Pursuant to Mr Peteni`s resignation as chairman the board announces the change  
of role of Mr S Swana as an independent non-executive director to that of       
interim chairman with immediate effect.                                         
By order of the board                                                           
Johannesburg                                                                    
22 February 2012                                                                
Sponsor                                                                         
Arcay Moela Sponsors (Pty) Ltd                                                  
Date: 22/02/2012 12:22:02 Supplied by www.sharenet.co.za                     
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