CVN - Convergenet Holdings Limited - Results of mandatory offer

CVN - Convergenet Holdings Limited - Results of mandatory offer                 
CONVERGENET HOLDINGS LIMITED                                                    
Incorporated in the Republic of South Africa                                    
(Registration number 1998/015580/06)                                            
Share code: CVN     ISIN: ZAE000102067                                          
("ConvergeNet" or "the company")                                                
RESULTS OF MANDATORY OFFER                                                      
Following the announcement made by the offeror on 14 May 2012 regarding the     
mandatory offer, shareholders are advised that the mandatory offer, which       
closed at 12:00 on Friday, 11 May 2012, was accepted in respect of 57 322       
293 ConvergeNet shares, comprising 30.90% of the total number of shares         
held by the remaining ConvergeNet shareholders (excludes concert parties        
and shareholders who had provided irrevocable undertakings not to accept        
the offer), which were the subject of the mandatory offer.                      
Accordingly, the mandatory offer has resulted in an increase in the             
collective shareholding in ConvergeNet controlled by the offeror to 48.93%.     
Johannesburg                                                                    
15 May 2012                                                                     
Sponsor                                                                         
Arcay Moela Sponsors (Pty) Ltd                                                  
Date: 15/05/2012 14:00:01 Supplied by www.sharenet.co.za                     
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