Results of Annual General Meeting TELEMASTERS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 2006/015734/06 Share code: TLM & ISIN Number: ZAE000093324 (“TeleMasters” or “the Company” or “the Group”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 25 February 2015, all the resolutions tabled at the meeting were passed by the requisite majority of TeleMasters shareholders Details of the results of voting at the annual general meeting are as follows: - Total number of TeleMasters shares in issue at the date of the annual general meeting: 42 000 000 - Total number of TeleMasters shares that could have been voted at the annual general meeting (excluding treasury shares): 42 000 000 - Total number of TeleMasters shares that were present/represented at the annual general meeting: 37 634 805, being 89.61% of the total number of TeleMasters shares that could have been voted at the annual general meeting Resolution proposed For Against: Abstain Total Votes % % (% of issued (excluding share abstentions) capital) Ordinary resolution number 1 – 37 634 508 Annual financial statements 100% 0% 0% 37 634 508 Ordinary resolution number 2 – Director retirement and re-election – Mr J 37 634 508 64 700 Voigt 100% 0% 0.17% 37 569 808 Ordinary resolution number 3 – 37 634 508 Director appointment – Mr M Erasmus 100% 0% 0% 37 634 508 Ordinary resolution number 4 – 37 634 508 Directors’ remuneration 100% 0% 0% 37 634 508 Ordinary resolution number 5 – 37 634 508 182 450 Appointment of auditors and remuneration 100% 0% 0.48% 37 452 058 Ordinary resolution number 6 – Placing un-issued shares under the control of 37 634 508 the directors 100% 0% 0% 37 634 508 Ordinary resolution number 7 – 37 634 508 General authority to issue shares for cash 100% 0% 0% 37 634 508 Ordinary resolution number 8 – Authority to execute requisite 37 634 508 documentation 100% 0% 0% 37 634 508 Ordinary resolution number 9 – 37 634 508 Approval of dividends declared and paid 100% 0% 0% 37 634 508 Ordinary resolution number 10 – Appointment of Mr M Erasmus as a member 37 634 508 182 450 and chair of the Audit Committee 100% 0% 0.48% 37 452 058 Ordinary resolution number 11 – Appointment of J Voigt as member of the 37 634 508 Audit Committee 100% 0% 0% 37 634 508 Ordinary resolution number 12 – Appointment of DS van der Merwe as 37 634 508 member of the Audit Committee 100% 0% 0% 37 634 508 Ordinary resolution number 13 – 37 634 508 Approval of Company Secretary 100% 0% 0% 37 634 508 Ordinary resolution number – 37 634 508 Approval of Remuneration Policy 100% 0% 0% 37 634 508 Special resolution number 1 – Directors’ remuneration for year 37 634 508 commencing 1 July 2014 100% 0% 0% 37 634 508 Special resolution number 2 – General authority to enter into funding agreements, provide loans or other financial 37 634 508 assistance 100% 0% 0% 37 634 508 Johannesburg 26 February 2015 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 26/02/2015 04:45:00 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.