CONVERGENET HOLDINGS LIMITED - Notice to shareholders in terms of section 60

Notice to shareholders in terms of section 60

CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN ISIN: ZAE000182440
(the “Company”)


NOTICE TO SHAREHOLDERS OF PROPOSED SPECIAL RESOLUTIONS IN TERMS OF
SECTION 60 OF THE COMPANIES ACT NO. 71 OF 2008, AS AMENDED (the “Companies
Act”)

Shareholders are hereby notified that the board of directors of the Company has resolved to
propose that shareholders consider and, if deemed fit, pass the following resolutions by written
consent in terms of section 60 of the Companies Act (the “Resolutions”):

-  Amendment to the Company’s Memorandum of Incorporation; and
-  Increase in the Company’s authorised ordinary share capital of 200 000 000 ordinary
   shares of no par value to 1 000 000 000 ordinary shares of no par value by the creation of
   an additional 800 000 000 ordinary shares of no par value.

In terms of the Companies Act and the Company’s Memorandum of Incorporation, in order for
the Resolutions to be approved by shareholders, it must be supported by at least 75% of the
voting rights exercised on the respective Resolutions.

The section 60 notice of the Resolutions (the “Notice”) was posted to shareholders on
Thursday, 30 October 2014 and will be sent electronically to those shareholders who have
provided the Company and/or the Company’s transfer secretary with electronic contact details.
The Notice will also be available on the Company’s website at www.convergenet.co.za.

The record date for the purpose of voting on the Resolutions (being the date on which a
shareholder must be registered in the Company’s shareholder register in order to vote on the
Resolutions) is Friday, 7 November 2014. The salient dates in respect of the Notice are as
follows:

    Record date for determining which shareholders will be
    entitled to receive the Notice                                   Friday, 17 October 2014
    Record date for determining which shareholders are
    entitled to vote on the Resolutions                              Friday, 7 November 2014
    Form of written consent to be received by the Company
    Secretary by 12:00 on                                            Friday, 5 December 2014


30 October 2014
Rosebank
Sponsor: AfrAsia Corporate Finance Proprietary Limited

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