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” or the “Company”) RESULTS OF GENERAL MEETING Shareholders are referred to the circular to ConvergeNet shareholders, which included a notice of general meeting, dated 12 February 2013 regarding: * The proposed Category 1 related party acquisition by ConvergeNet of the remaining 25% minority interest held in Sizwe Africa IT Group (Pty) Ltd (“Sizwe”), subject to certain conditions and waiver of a mandatory offer; * The proposed Category 2 related party acquisition by ConvergeNet of the remaining 26% minority interest held in Andrews Kit (Pty) Ltd, subject to certain conditions; and * The issue of 100,000,000 no par value pari passu shares at an issue price of R0.32 per share to a related party being Yellow Star Group Holdings (Pty) Ltd (“Yellow Star”) as part of the consideration to acquire Sizwe (collectively “the Transactions”). Shareholders are advised that at the general meeting of ConvergeNet shareholders held today, all the ordinary resolutions were approved by the requisite majority of shareholders to effect the Transactions. The ordinary resolution for a waiver of a mandatory offer by Yellow Star was approved by the requisite independent shareholders. In accordance with the Takeover Regulation Panel (“TRP”) Guideline 2/2011, the Company will apply to the TRP to rule on the granting of the requested waiver. Once the TRP has considered the application and made a ruling hereon, shareholders will be advised of the outcome. Centurion 12 March 2013 Sponsor Deloitte & Touche Sponsor Services Proprietary Limited Corporate Adviser for ConvergeNet AfrAsia Corporate Finance Proprietary Limited Date: 12/03/2013 04:09:00 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.