Trading Statement CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000182440 (the “Company”) TRADING STATEMENT In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period. Accordingly, shareholders are advised that a reasonable degree of certainty exists that the Company will, in respect of its continuing operations for the fifteen months ended 30 November 2014, report: (i) a basic loss per share of between 1.52 cents and 2.13 cents, or between 30.33% and 50.33% lower than the restated basic loss per share of 3.05 cents reported for the twelve months ended 31 August 2013 (the “Previous Corresponding Period”); and (ii)a headline loss per share of between 1.54 cents and 2.10 cents, or between 25.92% and 45.92% lower than the restated headline loss per share of 2.84 cents reported for the Previous Corresponding Period. A reasonable degree of certainty exists that the Company will, in respect of its discontinued operations for the fifteen months ended 30 November 2014, report: (i)a basic loss per share of between 90.25 cents and 94.35 cents, or between 340.90% and 360.90% lower than the restated basic loss per share of 20.47 cents reported for the Previous Corresponding Period; and (ii)a headline loss per share of between 13.87 cents and 15.09 cents, or between 127.38% and 147.38% lower than the restated headline loss per share of 6.10 cents reported for the Previous Corresponding Period). In accordance with the requirements of IFRS 5 ‘Non-current Assets Held for Sale and Discontinued Operations’, the prior year statement of comprehensive income and statement of cash flows have been re-presented for the disclosures that relate to the operations of Structured Connectivity Solutions (Pty) Ltd and Chrystalpine Investments 9 (Pty) Ltd, incorporating Andrews Kit (Pty) Ltd, which have been discontinued by the end of the current financial reporting period. Furthermore, the comparative amounts disclosed in respect of the Previous Corresponding Period are shown as they would have appeared prior to the completion of the share consolidation on a 10-for-1 basis, as detailed in the circular dated 20 September 2013 and completed on 23 December 2013 (“Share Consolidation”). The amounts disclosed in respect of the fifteen month period ended 30 November 2014 are shown after the effects of the Share Consolidation have been taken into account. Shareholders are advised that the corporate actions announced by the Company on SENS on 8 September 2014 and 27 October 2014, as detailed in the circular to shareholders which was posted on 15 December 2014, have not been incorporated into the expected results presented herein as those corporate actions only became unconditional after the close of the current financial reporting period presented. The financial information included in this trading statement has not been reviewed or reported on by the Company’s external auditors. The Company expects to publish its provisional financial results for the fifteen months ended 30 November 2014 on SENS on or about Friday, 27 February 2015. Johannesburg 24 February 2014 Sponsor: AfrAsia Corporate Finance Proprietary Limited Date: 24/02/2015 03:19:00 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.