CONVERGENET HOLDINGS LIMITED - Waiver of mandatory offer

Waiver of mandatory offer

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

WAIVER OF MANDATORY OFFER APPROVED

Shareholders are referred to the SENS announcement dated 12 March
2013, which detailed the results of the voting at the general
meeting held on 12 March 2012 and specifically referred to the
waiver of a mandatory offer to shareholders, as a result of the
transactions detailed in the circular, and the application by
ConvergeNet to the Takeover Regulation Panel (“TRP”) to grant the
waiver.

Shareholders are advised that the TRP has granted a ruling to
waive the requirement for a mandatory offer as provided for in
terms of Regulation 86(4). The reasons for granting the ruling
will be available as soon as practical from the date of this
announcement and may be requested from the TRP. Any Shareholder
which wishes to may request that the TRP review the ruling within
5 business days from the date of this announcement (i.e. until
17h00 on Tuesday, 26 March 2013) to do so. Such an appeal must be
made in writing and addressed to the “Executive Director, Takeover
Regulation Panel” at either of the following addresses: Physical:
Sunnyside Office Park, First Floor, Building B, 32 Princess of
Wales Terrace (off St. Andrews Road), Parktown, Johannesburg,
2193; or Postal: PO Box 91833, Auckland Park, Parktown, 2006; or
Facsimile: +27 11 642 9284.

Centurion
19 March 2013

Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

Corporate Adviser for ConvergeNet
AfrAsia Corporate Finance Proprietary Limited

Date: 19/03/2013 12:00:00 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.