CONVERGENET HOLDINGS LIMITED - Change in Directors interests

Change in Directors interests

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

                  CHANGE IN DIRECTORS’ INTERESTS


Shareholders   are   advised   that  Titantrade   306 (Pty)   Ltd
(“Titantrade”), of whom H van Dyk is a 50% shareholder, has
purchased 2 shares in Yellow Star Proprietary Limited (“Yellow
Star”) from T Modise. Both H van Dyk and T Modise are directors
and shareholders in Yellow Star. Yellow Star holds 254 013 036
shares in ConvergeNet and both H van Dyk and T Modise are
directors of ConvergeNet. In compliance with rules 3.63 – 3.74 of
the JSE Listings Requirements, the following changes in the
interest of directors of ConvergeNet as a result of the purchase
and sale of shares in Yellow Star is disclosed below.

Name of director:                     T Modise
Name of company:                      ConvergeNet
Date of transaction:                  26 November 2012
Class of securities:                  Ordinary shares
Nature of transaction:                Change       in       indirect
                                      beneficial   interest   as   a
                                      result of the sale of shares
                                      in     a    shareholder     of
                                      ConvergeNet
Number of securities     held   and   2 024 008   ordinary    shares
nature of interest:                   held     in     an    indirect
                                      beneficial capacity through
                                      Yellow Star
Extent of new indirect interest:      0.22%

Clearance obtained:                   Yes

Name of director:                     H van Dyk
Name of company:                      ConvergeNet
Date of transaction:                  26 November 2012
Class of securities:                  Ordinary shares
Nature of transaction:                Change       in       indirect
                                      beneficial   interest   as   a
                                      result of the sale of shares
                                      in     a    shareholder     of
                                      ConvergeNet
Number of securities     held   and   1 012 008 ordinary shares
nature of interest:                   held     in     an    indirect
                                      beneficial capacity through
                                      Yellow Star and Titantrade
Extent of new indirect interest:      0.11%
Clearance obtained:                   Yes

Johannesburg
28 November 2012

Sponsors
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