GEN - General - Mandatory offer extened by concert parties to the remaining

GEN - General - Mandatory offer extened by concert parties to the remaining     
shareholders of Convergenet Holdings Limited:  posting of circular and          
salient dates                                                                   
MANDATORY OFFER EXTENED BY CONCERT PARTIES TO THE REMAINING SHAREHOLDERS OF     
CONVERGENET HOLDINGS LIMITED:  POSTING OF CIRCULAR AND SALIENT DATES            
Shareholders of ConvergeNet Holdings Limited, registration number               
1998/015580/06 ("ConvergeNet") are referred to the announcement released on     
SENS and published in the press on 22 February 2012 and 23 February 2012,       
followed by the announcement on SENS and in the press on 12 March 2012 and 13   
March 2012, respectively (the "Announcements"), regarding the mandatory offer   
extended by concert parties (as defined in the Announcements) to the            
remaining shareholders of ConvergeNet for a offer consideration of 26 cents     
per share, in terms of section 123 of the Companies Act No. 71 of 2008, as      
amended (the "Mandatory Offer").                                                
Shareholders are hereby advised that a circular containing details of the       
Mandatory Offer was posted to shareholders on Monday, 19 March 2012 (the        
"circular").                                                                    
The salient dates and times in respect of the Mandatory Offer are set out       
below.  Words and expressions herein and notes thereto shall have the same      
meanings as assigned to them in the Announcements and the circular.             
Circular posted to ConvergeNet shareholders on               Monday, 19 March   
Mandatory Offer opens at 09:00 on                           Tuesday, 20 March   
Last day to trade in ConvergeNet shares                         Friday, 4 May   
Shares trade "ex" the Mandatory Offer                           Monday, 7 May   
Mandatory Offer closes at 12:00 on                             Friday, 11 May   
Record date to determine which shareholders are eligible       Friday, 11 May   
to accept the Mandatory Offer                                                   
Result of Mandatory Offer released on SENS on                  Monday, 14 May   
Offer consideration credited to the offer participant`s        Monday, 14 May   
accounts at his CSDP or stockbroker (as the case may be)                        
in cases where the shares surrendered in terms hereof are                       
held by such CSDP or stockbroker as nominee for the offer                       
participant (see note 4) on                                                     
Cheques posted to or credited to the bank accounts of the      Monday, 14 May   
offer participants (who hold their shares in their own                          
names) at the offer participant`s own risk, in settlement                       
of the offer consideration (subject to receipt by the                           
transfer secretaries of the relevant share certificates)                        
(see note 4) on                                                                 
Results of the Mandatory Offer published in the press on      Tuesday, 15 May   
    Notes:                                                                      
    1.   The above dates and times are subject to amendment by the Offeror.     
         Any such amendment will be released on SENS and published in the       
press.                                                                 
    2.   Share certificates may not be dematerialised or rematerialised         
         between Monday, 7 May 2012 and Friday, 11 May 2012, both days          
         inclusive.                                                             
3.   All times indicated above are South African times.                     
    4.   The offer consideration shall be credited to the offer                 
         participant`s accounts at his CSDP or stockbroker (as the case may     
         be), in cases where the shares surrendered in terms hereof are held    
by such CSDP or stockbroker as nominee for the offer participant,      
         within 6 (six) business days of acceptance of the offer, with the      
         last payment being made on the first business day following the        
         closing date.                                                          
5.   The Offeror reserves the right to change the closing date to a         
         later business day, which shall be announced by the Offeror on SENS    
         and published in the press, and which date shall be a Friday and       
         shall not be earlier than 30 business days from the opening date of    
the Mandatory Offer.                                                   
Johannesburg                                                                    
19 March 2012                                                                   
Corporate Advisor to the Offeror: AfrAsia Corporate Finance (Proprietary)       
Limited                                                                         
Date: 19/03/2012 15:00:02 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.