Acquisition of Rdata MICROmega Holdings Limited Incorporated in the Republic of South Africa (Registration number 1998/003821/06) Share code: MMG ISIN: ZAE000034435 (“MICROmega”) ACQUISITION OF RDATA 1. INTRODUCTION The board of directors of MICROmega (“the Board”) is pleased to announce that MICROmega has acquired the total issued share capital in Rdata Proprietary Limited (“Rdata”), a provider of enterprise management systems (“EMS”) to Local Government in South Africa (“the Acquisition”). 2. RATIONALE FOR THE ACQUISITION Rdata is an important addition to the product and service offerings of Sebata, a wholly-owned subsidiary of MICROmega. Sebata is an integrated technology professional services provider that has its principal focus on municipalities, public entities and government. In particular, Sebata’s EMS is steadily increasing its penetration into the Local Government sector with 41 local authorities currently using the Sebata system. Rdata now adds a further 16 Local Authorities, predominantly in the Western Cape. Rdata also provides systems solutions to 30 municipalities in Zimbabwe and to a relatively minor extent in Swaziland and Zambia. Sebata sees a clear opportunity to leverage its products and services into those and other African countries. National Treasury has commissioned a critically important project (“SCOA”) for the implementation of standardised business processes, financial management, and the reporting thereof across all 278 Local Authorities in South Africa. Sebata is actively engaged with National Treasury in the implementation of SCOA and has made a significant investment in its technology to ensure that National Treasury’s requirements are fully met by the much enhanced Sebata EMS. The Acquisition now places Sebata as the second largest, by number of Local Authorities, provider of EMS solutions to Local Government in South Africa. Sebata’s expansion will also assist other MICROmega group companies by providing strong cross-selling opportunities for their value added service offerings, such as their water management solutions. 3. PURCHASE CONSIDERATION Rdata was acquired for a purchase consideration of R12 570 000. Settlement took place on 22 October 2014, and was comprised of a cash settlement of R4 784 000 and 458 000 shares in MICROmega that were issued at R17 per share. 4. CLASSIFICATION OF THE ACQUISITION The Acquisition, due to its size, falls below the transaction thresholds as set out in the Listings Requirements of the JSE Limited and therefore does not require any formal disclosure. However, the Board would like to advise shareholders of this important strategic acquisition. Johannesburg 27 October 2014 Sponsor Merchantec Capital Date: 27/10/2014 04:10:00 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.