Disclosure of acquisition and disposal of securities and change in directors’ indirect interest CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000102067 (“ConvergeNet” or the “Company”) DISCLOSURE OF ACQUISITION AND DISPOSAL OF SECURITIES AND CHANGE IN DIRECTORS’ INDIRECT INTEREST In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended (the “Act”), and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has received formal notification in the prescribed form of the following movements in the securities of the Company: - Heritage Capital Assets Limited has acquired ConvergeNet shares resulting in an increase of its interest in the securities of the Company to 28.60%; - AfrAsia Special Opportunities Fund Limited has acquired ConvergeNet shares resulting in an increase of its interest in the securities of the Company to 18.38%; and - Yellow Star Group Holdings Proprietary Limited has disposed of ConvergeNet shares resulting in a reduction of its interest in the securities of the Company to 0.00%. As required in terms of section 122(3)(a) of the Act, the Company has filed the required notice with the Takeover Regulation Panel. CHANGE IN DIRECTORS’ INDIRECT INTEREST In compliance with rules 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following change in the indirect interest of a director of ConvergeNet as a result of the off-market disposal of shares by Yellow Star Group Holdings (Pty) Ltd (“Yellow Star”), a shareholder in ConvergeNet, is disclosed below: Name of director: H van Dyk Name of company: ConvergeNet Date of transaction: 30 August 2013 Class of securities: Ordinary shares Nature of transaction: Change in indirect beneficial interest as a result of the disposal of ConvergeNet shares by Yellow Star Number of securities relating to and 55 013 626 shares held in an indirect nature and extent of director’s interest beneficial capacity through Yellow Star in the transaction: Price per security: 7 cents Total value: R3 850 954 Clearance obtained: Not required, as transaction was undertaken by an associate of the director Centurion 4 September 2013 Corporate adviser: AfrAsia Corporate Finance Proprietary Limited Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited Date: 04/09/2013 04:56:00 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.