Declaration of 20 cents Special Dividend BUSINESS CONNEXION GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1988/005282/06) JSE code: BCX ISIN: ZAE0000154631 ("BCX" or the "Company") DECLARATION OF 20 CENTS SPECIAL DIVIDEND 1. INTRODUCTION BCX shareholders (“BCX Shareholders”) are referred the SENS announcement released on 5 August 2014 regarding, inter alia, amendments to the implementation agreement entered into between BCX and Telkom on 21 May 2014. 2. SPECIAL DIVIDEND The BCX board of directors (“BCX Board”) approved and declared a special gross cash dividend of 20 cents per ordinary share out of income reserves on 7 August 2014 (“Special Dividend”). In compliance with section 46 of the Companies Act, the BCX Board has applied the solvency and liquidity test set out in section 4(1) of the Companies Act ("Solvency and Liquidity Test") and has reasonably concluded that the Company will satisfy the Solvency and Liquidity Test immediately after payment of the Special Dividend. As no secondary tax on companies’ credits are available, the Special Dividend will be subject to dividend withholding tax at a rate of 15%, which will result in a net dividend of 17,0 cents per ordinary share to those BCX Shareholders who are not exempt in terms of section 64F of the Income Tax Act. The Special Dividend has also been approved by the Takeover Regulation Panel. BCX Shareholders are advised that the salient dates for record and payment dates relating to the Special Dividend will be released on SENS in due course and will be subject to the timetables as prescribed by JSE Listing Requirements. The Special Dividend is also subject to being paid as at the earlier of the ordinary scheme record date as per the SENS announcement released on 11 July 2014 regarding, inter-alia, the posting announcement of the BCX circular and 15 January 2015.The Special Dividend is subject to receiving exchange control approval from the South African Reserve Bank. The Company's tax reference number is 9200/108/71/1. The issued ordinary share capital at the declaration date is 404 972 468 ordinary shares. Midrand 8 August 2014 Sponsor to BCX: One Capital Sponsor Services (Proprietary) Limited Date: 08/08/2014 07:30:00 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.