Sharenet Sites 
Sharenet Sites
Update regarding the issuing of the integrated annual report of the group for the year ended 31 August 2013
CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN ISIN: ZAE000182440
(“ConvergeNet” or the “Company” or the “Group”)
UPDATE REGARDING THE ISSUING OF THE INTEGRATED ANNUAL REPORT OF THE
GROUP FOR THE YEAR ENDED 31 AUGUST 2013
The board of directors wishes to provide shareholders with an update regarding the progress
and status of completion of the integrated annual report of the Group for the year ended 31
August 2013, which is, in accordance with section 3.19 of the Listings Requirements of the JSE
Limited (the “JSE”), due to be issued today, 28 February 2014.
During the year ended 31 August 2013 and in the months immediately thereafter, the Company
announced and implemented a significant restructuring of the Group which included, inter alia,
the sale of various subsidiaries, including but not limited to Sizwe Africa IT Group Proprietary
Limited, Telesto Communications Proprietary Limited and X-DSL Networking Solutions
Proprietary Limited as well as the closure of the Company’s head office (the “Restructure”), as
detailed in the circular to shareholders dated 20 September 2013.
Further to the Restructure, the Company’s previous auditors, namely Advoca Inc., were
replaced by PricewaterhouseCoopers Inc. (“PwC”) with effect from 2 January 2013.
The Company continues to work with PwC to ensure compliance with the additional disclosure
matters required by International Financial Reporting Standards in the preparation of the
integrated annual report as they relate to the Restructure. Notwithstanding the challenges
experienced in the process which are attributable to the short time lapse between the
announcement of the Restructure and the financial year-end of the Group, the Company was
able to issue its reviewed condensed consolidated annual financial statements on 13 December
2013.
The Company wishes to inform shareholders that it will not be in a position to issue its
integrated annual report on 28 February 2014. However, the Group remains confident that the
outstanding disclosure matters will be resolved by no later than 31 March 2014, and a further
announcement in this regard will be made in due course.
The Group maintains its commitment to meeting the high standards of compliance set by JSE
and other regulatory bodies in the protection of stakeholder interests.
Johannesburg
28 February 2014
Corporate adviser: AfrAsia Corporate Finance Proprietary Limited
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
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