Fulfilment of Suspensive Conditions in Connection with the Disposal of Interest in I-Net Bridge Proprietary Limited TIMES MEDIA GROUP LIMITED (Formerly Richtrau No. 229 Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number 2008/009392/06) Ordinary Share Code: TMG Ordinary share ISIN: ZAE 000169272 (“the Company”) FULFILMENT OF SUSPENSIVE CONDITIONS IN CONNECTION WITH THE DISPOSAL OF INTEREST IN I-NET BRIDGE PROPRIETARY LIMITED 1. DISPOSAL OF 100% INTEREST IN I-NET BRIDGE PROPRIETARY LIMITED Shareholders of the Company are referred to the announcement on SENS on 7 August 2013 (“Disposal Announcement”), advising that the Company, through its wholly-owned subsidiaries Avusa Media Proprietary Limited, BDFM Publishers Proprietary Limited and Library Network Proprietary Limited (collectively referred to as “Times Media”), had entered into an agreement (“the Sale Agreement”) with McGregor BFA Proprietary Limited (“the Purchaser”), in terms of which Times Media disposed of its 100% shareholding in, and all claims of whatsoever nature against, I-Net Bridge Proprietary Limited to the Purchaser. 2. Fulfilment of Suspensive Conditions Shareholders of the Company are hereby informed that the suspensive conditions set out in the Disposal Announcement have been fulfilled and, accordingly, the effective date occurred on 15 November 2013 and the Sale Agreement has become unconditional in accordance with its terms. By order of the board 18 November 2013 Johannesburg Sponsor PSG Capital Proprietary Limited Fasken Legal advisor to TMG Date: 18/11/2013 02:45:00 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.