Further trading statement CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000102067 (“ConvergeNet” or “the Company) FURTHER TRADING STATEMENT In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ, by at least 20%, from those of the previous corresponding period. Accordingly, and following the previous trading statement published on SENS on 28 September 2012 which advised shareholders that the headline earnings per share and earnings per share for the year ended 31 August 2012 is expected to be more than 20% lower compared to the previous year ended 31 August 2011, the board of directors are reasonably certain that the revised expected decline in the earnings per share and headline earnings per share for the year ended 31 August 2012 will be approximately 282% and 219% respectively compared to the earnings per share and headline earnings per share for the comparable period ended 31 August 2011. The trading loss has resulted primarily from the adjustment to deferred tax assets, once-off impairment of goodwill and other financial assets, cost of establishing the Africa operations in Gabon and Congo Brazzaville, investment in new businesses, amongst other EQ Tickets, costs associated with restructuring of the Board following the change of control of the Company and investments made to enhance our sales capabilities and capacity. This trading statement has not been reviewed or reported on by the Company’s external auditors. The Company’s financial results for the year ended 31 August 2012 are expected to be published on or about 22 November 2012. Centurion 2 November 2012 Sponsors Deloitte & Touche Sponsor Services (Pty) Ltd (Registration number 1996/000034/07) Date: 02/11/2012 09:02:00 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.