Updated Trading Statement CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000182440 (the “Company”) UPDATED TRADING STATEMENT Further to the trading statement released on SENS on 28 May 2014, shareholders are hereby advised that a reasonable degree of certainty now exists that the Company will, in respect of its continuing operations for the six months ended 28 February 2014, report: (i) a basic loss per share of between 47.20 cents and 47.64 cents (2013: basic loss per share of 2.47 cents); and (ii) a headline loss per share of between 11.88 cents and 12.34 cents (2013: headline loss per share of 2.48 cents). A reasonable degree of certainty exists that the Company will, in respect of its discontinued operations for the six months ended 28 February 2014, report: (i) a basic loss per share of between 51.53 cents and 51.59 cents (2013: basic earnings per share of 0.31 cents); and (ii) a headline loss per share of between 11.75 cents and 11.82 cents (2013: headline earnings per share of 0.61 cents). The comparative amounts disclosed in respect of the six month period ended 28 February 2013 above are shown as they would have appeared prior to the completion of the share consolidation on a 10-for-1 basis, as detailed in the circular dated 20 September 2013 and completed on 23 December 2013 (“Share Consolidation”). The amounts disclosed in respect of the six month period ended 28 February 2014 are shown after the effects of the Share Consolidation have been taken into account. This trading statement has not been reviewed or reported on by the Company’s external auditors. The interim financial results are expected to be released on or about Friday, 13 June 2014. Johannesburg 12 June 2014 Corporate adviser: AfrAsia Corporate Finance Proprietary Limited Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited Date: 12/06/2014 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.