CONVERGENET HOLDINGS LIMITED - Cautionary announcement

Cautionary announcement

CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN     ISIN: ZAE000102067
(“ConvergeNet” or “the Company”)


CAUTIONARY ANNOUNCEMENT


Shareholders are advised that ConvergeNet has entered into
negotiations regarding the acquisition of minority interests
in its major subsidiaries and a potential BEE transaction,
which, if successfully concluded, may have a material effect
on the price of the Company's securities. Accordingly,
shareholders are advised to exercise caution when dealing in
the Company's securities until a further announcement is made.

Johannesburg
02 November 2012

Corporate    advisor:      AfrAsia     Corporate    Finance   Proprietary
Limited
Sponsor:      Deloitte    &   Touche   Sponsor     Services   Proprietary
Limited

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