Update regarding the conversion of par value shares to shares of no par value and the increase of authorised share c CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000102067 (“ConvergeNet” or “the Company”) UPDATE REGARDING THE CONVERSION OF PAR VALUE SHARES TO SHARES OF NO PAR VALUE AND THE INCREASE OF AUTHORISED SHARE CAPITAL Shareholders are referred to the special resolutions passed at the Annual General Meeting held on 25 January 2013 relating to the conversion of Company’s 1 000 000 000 authorised and 921 285 941 issued ordinary shares of 0.1 cent each, to 1 000 000 000 authorised ordinary shares and 921 285 941 ordinary shares having no par value and the increase in the authorised shares of the Company from 1 000 000 000 no par value shares to 2 000 000 000 no par value shares. Shareholders are hereby advised that the Company has received confirmation from the Companies and Intellectual Property Commission that the said special resolutions were registered on 25 February 2013. The JSE has also approved amendment of share capital and accordingly the Company’s shares have commenced trading as shares of no par value on Thursday, 28 February 2013. Centurion 1 March 2013 Sponsors Deloitte & Touche Sponsor Services (Pty) Ltd Date: 01/03/2013 03:30:00 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.