Dealing in securities to settle The Obligations of The Times Media Group Limited Management Incentive Plan TIMES MEDIA GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number 2008/009392/06 Ordinary share code: TMG Ordinary share ISIN: ZAE 000169272 ("TMG" or "the Company") DEALING IN SECURITIES TO SETTLE THE OBLIGATIONS OF THE TIMES MEDIA GROUP LIMITED MANAGEMENT INCENTIVE PLAN In compliance with Schedule 14.9 and Rules 3.63 to 3.74 of the JSE Limited Listings Requirement, the following information relating to the dealing in securities for the Times Media Group Limited Management Incentive Plan is disclosed: NAME OF SCHEME The Times Media Group Limited Management Incentive Plan COMPANY TO WHICH THE SCHEME RELATES Times Media Group Limited TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 19 June 2014 CENTS PER SHARE 2 100 NUMBER OF SECURITIES TRANSACTED 3 995 TOTAL RAND VALUE OF SECURITIES R83 895.00 NATURE OF TRANSACTION Purchase of shares by Times Media (Proprietary) Limited for the Times Media Group Limited Management Incentive Plan to enable it to comply with its obligations in terms of the share incentive scheme (On-market transaction) Clearance to deal in these securities was obtained in accordance with Rule 3.66 of the JSE Limited. 20 June 2014 Johannesburg Sponsor PSG Capital Date: 20/06/2014 07:05:00 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.