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:  Finalisation Date Announcement   
MANDATORY OFFER EXTENED BY CONCERT PARTIES TO THE REMAINING SHAREHOLDERS OF     
CONVERGENET HOLDINGS LIMITED:  FINALISATION DATE ANNOUNCEMENT                   
Shareholders of ConvergeNet Holdings Limited, registration number 1998/015580/06
("ConvergeNet") are referred to the announcements regarding the mandatory offer 
extended by concert parties to the remaining shareholders of ConvergeNet for an 
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"), the last of   
which was announced on SENS and published in the press on 19 March 2012 and 20  
March 2012, respectively (the "Announcements").  A circular containing details  
of the Mandatory Offer was posted to shareholders on Monday, 19 March 2012 (the 
"Circular").                                                                    
The Mandatory Offer is unconditional.                                           
The salient dates and times in respect of the Mandatory Offer remain as         
previously advised and 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.                                                 
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        Friday, 11 May           
eligible to accept the Mandatory Offer                                          
Result of Mandatory Offer released on SENS on          Monday, 14 May           
Offer consideration credited to the offer              Monday, 14 May           
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 (see                           
note 4) on                                                                      
Cheques posted to or credited to the bank accounts of  Monday, 14 May           
the 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  Tuesday, 15 May          
on                                                                              
Notes:                                                                          
1.   Share certificates may not be dematerialised or rematerialised between     
    Monday, 7 May 2012 and Friday, 11 May 2012, both days inclusive.            
2.   All times indicated above are South African times.                         
3.   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.                                    
Johannesburg                                                                    
25 April 2012                                                                   
Corporate Advisor to the Offeror: AfrAsia Corporate Finance (Proprietary)       
Limited                                                                         
Date: 25/04/2012 12:24:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.