CONVERGENET HOLDINGS LIMITED - Kitting disposal: Update regarding fulfilment of outstanding conditions precedent

Kitting disposal:  Update regarding fulfilment of outstanding conditions precedent

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


CONTRACT KITTING DISPOSAL: UPDATE REGARDING FULFILMENT OF OUTSTANDING
                           CONDITIONS PRECEDENT

Shareholders are referred to the announcement released on SENS on 16 January 2015 which advised
shareholders that, inter alia, the special resolution to approve the Contract Kitting Disposal, as detailed
in the circular to ConvergeNet shareholders dated 15 December 2014 (the “Circular”) was passed at
the General Meeting by the requisite majority of shareholders. All terms defined in the Circular shall
bear the same meaning in this announcement.

Shareholders are hereby advised that the remaining conditions precedent to the Contract Kitting
Disposal are expected to be fulfilled by no later than 10 February 2015, by which date it is expected
that the finalisation announcement will be released on SENS.


Rosebank
3 February 2015
Corporate adviser and transaction sponsor: AfrAsia Corporate Finance Proprietary Limited
Independent sponsor: PSG Capital Proprietary Limited

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