Results of general meeting CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000102067 (“ConvergeNet”) RESULTS OF GENERAL MEETING Shareholders are referred to the circular to ConvergeNet shareholders dated 17 October 2012 regarding: - The sale of ConvergeNet’s remaining interest in Future Cell Proprietary Limited to Pepkor Limited, a related party; - the specific purchase by ConvergeNet Management Services Proprietary Limited (“CMS”), a wholly owned subsidiary of ConvergeNet, of 71 478 594 ConvergeNet ordinary shares from Titan Share Dealers Proprietary Limited (“Titan”); and - the granting by ConvergeNet of financial assistance, in the form of a loan, to CMS in terms of section 44 of the Companies Act 71 of 2008, to enable it to fund the purchase consideration of the 71 478 594 ordinary shares in ConvergeNet purchased by it from Titan, (collectively “the Transactions”). Shareholders are advised that at the general meeting of ConvergeNet shareholders held today, all the special resolutions and the ordinary resolutions were approved by the requisite majority of shareholders to effect the Transactions. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course. Centurion 26 November 2012 Sponsor Deloitte & Touche Sponsor Services (Proprietary) Limited Corporate Adviser for ConvergeNet AfrAsia Corporate Finance (Proprietary) Limited Independent Reporting Accountants BDO South Africa Inc. Independent Expert BDO Corporate Finance (Proprietary) Limited Date: 26/11/2012 02:00:00 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.