NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE LISTINGS REQUIREMENTS OF FONEWORX HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1997/010640/06) Share code: FWX ISIN: ZAE000086237 (“FoneWorx” or “the Company) NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE LISTINGS REQUIREMENTS OF JSE LIMITED In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008) (“Companies Act”) and paragraph 3.83(b) of the Listings Requirements of JSE Limited, shareholders are advised that FoneWorx has received notification in terms of section 122(1) of the Companies Act that the William Kirsh Family Trust and the Isaac Kirsh Family Trust No. 2 have acquired a beneficial interest in the securities of the Company, such that each Trust’s entire beneficial interest amounts to 16.38% of the total number of securities in issue giving the Kirsh Family Trusts a total beneficial interest of 32.76% in the issued share capital of the Company. As required in terms of section 122(3)(a) of the Companies Act, FoneWorx has filed the required notice with the Takeover Regulation Panel. Johannesburg 25 September 2012 Designated Adviser Merchantec Capital Date: 25/09/2012 08:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.